Procurement of Material iii. Manufacture in Bond iv. Export and Claim of Rebate Introduction Central Excise Duty is an indirect tax levied on goods manufactured in India for home consumption. When the goods manufactured in India are exported‚ they are exempt from excise duty. Generally‚ manufacturer of commodities is responsible to pay duty to the Government. This indirect taxation is administered through an enactment of the Central Government viz.‚ The Central Excise Act‚ 1944 and other connected
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Commerce Lab - Practical Question Bank FACULTY OF COMMERCE‚ OSMANIA UNIVERSITY ----------------------------------------------------------------------------------------------------B.Com (All Streams) III Year BUSINESS LAW Time: 60 Minutes Record : 10 Skill Test : 20 Total Marks : 30 1. What is the difference between an agreement of a house property and a Sale Deed? 2. Draft a model Agreement for the sale of a plot of 200 sq.yards with imaginary particulars. 3. Draft a Sale Deed of a 2
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CAPITAL GAINS Capital gains means gains arising to an assessee on transfer of a capital asset. This clearly implies that to bring income taxable under the head capital gains‚ both the elements namely “Capital asset” & “transfer” has to be present in the given transaction. As such‚ we should seek absolute clarity with respect to these two terms. Sec. 2(14) of the I. Tax Act deals with the definition of the term “Capital Asset”. It is an inclusive definition. Capital asset includes property of
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Advantage of gst the advantages included an effective‚ transparent and fair tax structure besides encouraging a shadow economy to be registered under the GST system. "It is a transparent tax as a business premises can show the tax imposed in the sales invoice while consumers will know exactly how much tax he or she is paying on the goods bought and services rendered‚" he told reporters after opening the office of international real estate consultants‚ Rahim & Co‚ here today. Ahmad said
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UNIVERSITY OF THE EAST Manila Indirect Feedback in the writing Process A term paper in EN-112 College Reading and Writing Submitted to: Prof. Francis Dizon Submitted by: Angel Grace C. Castellano HR2A Teacher Written Feedback for L2 Learners’ Writing Development Vol 12‚ No 1 (2012) Silpakorn University Journal of Social Sciences‚ Humanities and Arts I. Introduction “English is an art that can only be mastered by practice.” As Ramarao bobby said. To be able to master English
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Value-Added Tax is a form of sales tax. It is a tax on consumption levied on the sale‚ barter‚ exchange or lease of goods or properties and services in the Philippines and on importation of goods into the Philippines. It is an indirect tax‚ which may be shifted or passed on to the buyer‚ transferee or lessee of goods‚ properties or services. 1. What is a VAT registered individual? * Any person or entity who‚ in the course of his trade or business‚ sells‚ barters‚ exchanges‚ leases goods
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Company Background The Australian Pineapple Products Exporting Company (APPEC) was incorporated in Central Queensland‚ Australia by a group of 10 top pineapple-growers and merchants (5 large individual growers‚ 1 large fruit merchant already exporting‚ 4 packing sheds representing groups of growers). These 10 pineapple-growers are among the best operators from each of the four main pineapple-growing districts‚ Central Queensland‚ North Queensland‚ Southern Queensland‚ and the Wide Bay area near
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Direct and indirect somatic embryogenesis Introduction to somatic embryogenesis Biotechnology is considered as one of the most important dynamic tools in the development of sustainable agriculture. Somatic embryogenesis is defined as the development of structures that follow histodifferentiation patterns resembling the events observed in zygotic embryogenesis. This in vitro morphogenetic pattern is a multi-step regeneration process starting with the induction of pro-embryogenic masses‚ followed
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INDIRECT DESCRIMINATION Indirect discrimination could be experienced as a group and also as an individual. Indirect discrimination occurs when in a healthcare organisation‚ there are practices and or set of rules which everyone is expected to obey but then it can affect some staff because of whom they and what they believe. Bii An example of indirect discrimination is: At the end of the year‚ the organisation decides to have an end of year party but choose a location which will not be suitable
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is‚ in effect‚ a subsidy for intermediate input use. Producers may substitute intermediates for primary factors (land‚ labor and capital)‚ affecting the return to factors and income distribution. Another concern is that the VAT‚ because it is an indirect tax that works through the price system‚ puts a larger burden of the tax on low-income households. VAT CONCEPTS Zero-rated items | Zero-rated items are goods or services which are taxed at a rate of 0%‚ e.g. milk‚ brown bread‚ maize‚ fruit
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