Answer Posted / amit chandarana
Sub-section (3) of section 6 of the Central Sales Tax Act, 1956 provides for granting exemption from tax on inter-state sales of any goods made to any official, personnel, consular or diplomatic agent of-
(i) any foreign diplomatic mission or consulate in India; or
(ii) the United Nations or any other similar international body,
entitled to enjoy privileges under any convention or agreement to which India is a party or under any law for the time being in force, if such official, personnel, consular or diplomatic agent, as the case may be, has purchased such goods for himself or for the purpose of such mission, consulate, United Nations or other body.
Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
Expand---------PCDB
define fixed assets
what is the scenario of multi-org setup?
Accounting related interview questions on ibm
What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?
A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c
Received an order from Babu for the supply of goods Rs.200/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
how will you create the posting periods 3 and 5 or 5and 7?
what is the difference between speculation & investment?
What is Acquisition?
what is a Depository Participant?
reason for difference in Balance sheet (Asset side & Liabilites side)
Expand-------IETF
Distinguish capital and Revenue receipts
Hi guys, If anyone have gone through the CAPITAL IQ-Junior Research Associate interview then plz let me know about its pattern..and if anyone hav its placement papers or any other information then plz post to me at arshadbasha_mba@rediffmail.com