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what is luxury tax?

Answer Posted / guest

It is an imposition of tax on Luxury item such as
cigarettes, Chorus, Cigar and also applicable for five star
hotels providing Luxury facilities.

Is This Answer Correct ?    26 Yes 6 No



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anybody pls tell me about the service tax

2167


Hellow this is ravindra wanted to know about excise duty rates pls suggest

2038


Please guide us about Forms and where is it will use i.e.Form C, Form h, Form F. if other form has please guide us about of that Forms?

2066


What is the procedure to take modvat and its form number

2557


which form no's wiil be used for filing IT,ADVANCE TAX, TDS,VAT,CST,ST,PT,EXICE DUTY,ESI,PF?What is the Due Dates? very urgent

2524


sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?

1710


A individual advocate recievs legal fees. is he liable to pay service tax @ 12.36% on it?

2051


Cenvat credit transaction journal entries. And what does the term reversal of credit means

1616


assessee is a developer. menthod of accounting- mercantile. he sold a flat to party , registration has been done in financial year 2012-13. but he has taken the sale next financial year on the ground that one cheque has been credited in the next financial year. can the assessee's claim can be considered for taxation purpose

1655


what is the full rate of cst/vat of building material ?

2450


Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.

1813


procedure to get Raw Material free of excise duty under Central Excise Act,

1891


Can you please provide me the present VAT precentages in Andhra pradesh and other states CST persentages with good's wise.

2069


I AM SAKTHIVEL,MY QUESTION IS 1.WHAT ARE THE LEDGER TO BE MAINTAINED FOR SERVICE TAX 2.KINDLY EXPLAIN WITH EXAMPLE FOR PURCHASE ALONG WITH SERVICE TAX 3.SALES ALONG WITH SERVICE TAX 4.IN TALLY E.R.P HOW I GROUP THE LEDGER 5.GIVE NECESSARY JOURNAL ENTRY FOR ALL SERVICE TAX RELATED TRANSACTION 6.ANY OTHER IMPORTANT NOTE U WISH TO INFORM ME 7.HOW I CROSS CHECK IT ### PLEASE HELP ME REGARDS SAKTHIVEL

2204


WCT charged on firm or on proprietor?

1644