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What does excise means?
Excise refers to a tax that is collected when you purchase services, such as telephone service. The company bills you on your bill.
Who collects the service tax in India?
In india service tax is collected by CBEC (central board of excise and customs)
What is the meaning of vat tds service tax excise?
Tds means TAX DEDUCTIONS AT SOURCE
Difference between Excise tax and sales tax?
Sales tax is what consumers normally pay for, or are charged for a good/ service; and excise tax is the "hidden" tax that the producers or sellers pay for. Sales tax is listed separately. Sometimes producers and sellers include the value of the excise tax within the goods or service as an " indirect tax". So that means, theoretically, sometimes consumers are being taxed twice for the price. You can find more info about sales tax and excise tax at the B.L.S. or the Federal Bureau of Labor and Stats...
How would you use excise in a sentence?
you can use excise in a sentence like if you excise that irrelevant remark you will improve your essay or the excise imposed on such potentially dangerous products as tobacco and alcohol have skyrocketed.Congress levied an excise tax on tobacco products.The surgeons will try to excise the tumor.
A tax on perfume is an example of what?
A tax on perfumeA tax on perfume is an example of an excise tax. Excise taxes are indirect taxes on certain types of goods.
Settlement of cases in excise?
classification rules of excise
How many taxes are there in India?
service tax , income tax, sales tax, tds tax, excise tax & other taxes
Where do you get a copy of your excise tax?
You can obtain a copy of your excise tax from your local or state tax office, where you can request a printed statement or access it digitally through their official website. Additionally, if you filed your excise tax with a tax preparation software or service, you may be able to retrieve it from your account there. Be sure to have your identification and any necessary information ready to facilitate the process.
What are offences and penalties under central excise act 1944?
Under the Central Excise Act of 1944, offences primarily include the manufacture, storage, or removal of excisable goods without proper registration or payment of duty, as well as willful misrepresentation or fraudulent activities to evade excise duty. Penalties for such offences can include fines, imprisonment, or both, depending on the severity and nature of the violation. Additionally, offenders may face confiscation of goods and vehicles used in the commission of the offence. The Act aims to ensure compliance and protect government revenue from excise duties.
What is central excise ct3?
it is a permission granted by the concerned central excise asst. commissioner to remove goods without paying excise duty
What is Impact of custom and excise duties?
What is impact of custom and excise duties in Pakistan?
