What is difference between an Insurance and a general
Insurance????
Answer Posted / vijay nautiyal
insuring anything other than Humanlife is called General
insurance
| Is This Answer Correct ? | 11 Yes | 5 No |
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Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.
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