Remittance is, essentially, the act of paying. An example sentence would be: The cashier was patiently waiting for his remittance.
Vat payable is the amount of vat collected on behalf of the tax authority and payable to them. In other words vat payable is an output vat levied on organisation's customers through the organisation's sales invoices for onward remittance to the tax authority subsequently.
An Inward remittance system in India includes receipts of money that has been transferred into India. An Outward remittance system is used to track money transferred overseas.
A letter of remittance will depend upon whether you are remitting payment or requesting remittance. Sample letters can be found online or at your local library in business letters books.
Remittance advice is essentially a letter from a customer that tells the supplier that their invoice has been fulfilled. It is normally sent by post or nowadays via email.
payment + remittance department
The correct spelling is remittance (payment).
Remittance is, essentially, the act of paying. An example sentence would be: The cashier was patiently waiting for his remittance.
If the interst arise due to delay in remittance of Service tax, which is not penal in character, then disllowance would not be applicable. It is compensatory in nature, hence no disallowances
how make remittance letter
definition of remittance letter
The Remittance Man was created on 1913-09-13.
This is the date when the remittance, or payment you send, must be received.
There are a number of way to get a remittance payment. The policies for receiving this payment vary from company to company, and you should speak with your bank on how they handle remittance payments.
(1) The purpose of a remittance advice is to inform the supplier that their invoice has been paid. If paid by cheque the cheque will usually be attached to the remittance advice.
(1) The purpose of a remittance advice is to inform the supplier that their invoice has been paid. If paid by cheque the cheque will usually be attached to the remittance advice.
Remittance in transit refers to a cross-border money transfer that is still in progress within the banking channel. The remitter's funds are snaking its way across to the beneficiary, and whilst it is in progress, the remittance (money transfer) is called or cited as remittance in transit.