abhishreshthaa
Abhijeet S
Settlements – Sales Tax
Incidence of Sales Tax
Sales tax to be discharged by the clearing members
Receiving clients to pay sales tax to the delivering clients thru Clearing Members
Sales tax based on quality/quantity delivered by seller
Settlements – Sales Tax
NCDEX shall verify the information provided by Buyer & Seller with Sales Tax master to arrive at Sales Tax incidence.
Invoice to be submitted by seller client to buyer client at the Delivery value of the transaction through clearing members
Delivery valuation for Sales Tax
(Delivered quantity X Final settlement price) + or – (Premium/discount for grade actually delivered)
Incidence of Sales Tax
Sales tax to be discharged by the clearing members
Receiving clients to pay sales tax to the delivering clients thru Clearing Members
Sales tax based on quality/quantity delivered by seller
Settlements – Sales Tax
NCDEX shall verify the information provided by Buyer & Seller with Sales Tax master to arrive at Sales Tax incidence.
Invoice to be submitted by seller client to buyer client at the Delivery value of the transaction through clearing members
Delivery valuation for Sales Tax
(Delivered quantity X Final settlement price) + or – (Premium/discount for grade actually delivered)