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Yes there is. It is a Sales Tax by definition even though you are not selling.

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12y ago

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What is RG23D?

Any material that has to move from RG23D warehouse should have Excise invoice(RG23D) generated for the transaction. What I suppose is for this after doing a normal warehouse transfer, you have to issue the material from the folio of the register maintained for the specific RG23D warehouse. Then you have to raise an Excise invoice for the ware house transfer transaction. In normal ware house you have to do nothing but see weather the inventory has been posted in the normal warehouse or not.


Taxes placed on luxury goods or services are known as?

excise taxes


Inheritance taxes and excise taxes on luxury goods are examples of what type of taxes?

Inheritance taxes and excise taxes on luxury goods are examples of specific types of taxes. Inheritance tax, also known as estate tax or death tax, is a tax on the transfer of property or assets from a deceased person to their heirs. It is a form of wealth tax that is levied on the value of an estate above a certain threshold. Excise taxes on luxury goods, on the other hand, are taxes on specific goods that are considered non-essential or luxury items, such as high-end cars, yachts, private jets, jewelry, and expensive clothing. These taxes are often levied as a percentage of the sale price of the item. Both of these types of taxes can be considered forms of "progressive taxation," which means that they are designed to be more burdensome on individuals with higher levels of wealth or consumption. In contrast, "regressive taxes" are designed to be more burdensome on individuals with lower levels of income or wealth.


What is the expected closing fee cost on 10.000 mobile home purchase if paying cash?

"Closing costs" are highly variable depending on rather a lot of factors, including location (some of the costs are govenment fees, like excise taxes and recording fees). Your real estate agent should be able to answer this question for you in your particular case.


What is the rate of the excise tax imposed on certain goods, similar to a sales tax?

The excise tax is a tax imposed on specific goods, like alcohol or tobacco, at a fixed rate per unit sold. It is similar to a sales tax but is specific to certain products.

Related Questions

Which of these does not have an excise tax?

(real estate)


Federal Aviation purchases 16600 gallons of aviation fuel The federal excise tax is 0.16 per gallon Find the amount of the excise tax for this transaction?

$2,656.00


Is the WA real estate excise tax deductible on Schedule A Form 1040?

YES


What is RG23D?

Any material that has to move from RG23D warehouse should have Excise invoice(RG23D) generated for the transaction. What I suppose is for this after doing a normal warehouse transfer, you have to issue the material from the folio of the register maintained for the specific RG23D warehouse. Then you have to raise an Excise invoice for the ware house transfer transaction. In normal ware house you have to do nothing but see weather the inventory has been posted in the normal warehouse or not.


Washington sent troops to put down the what over the excise tax?

SOS right? The answer isvWhiskey Rebellion


Did congress pass the excise tax during president Washington term?

shumba ramm bereiii aiee embereiii


What is responsible for collecting federal taxes including personal and corporate income Social Security excise estate and gift taxes?

Internal Revenue Service


Is responsible for collecting federal taxes including personal and corporate income Social Security excise estate and gift taxes?

Internal Revenue Service


List of direct and indirect taxes?

In India... the list of direct and indirect taxes.. is as following.. Direct Tax: Income tax corporation tax property tax inheritence (estate) tax & gift tax Indirect tax: customs duty, central excise duty, service tax, sales tax, value added tax (VAT), securities transaction tax


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