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Taxation in Russia Wikipedia

The Federal Tax Service resolved the same case one year later. Tax on mineral resource extraction is the second largest source of federal revenue regulated by the Code; most of it is paid by oil companies. Tax rates for oil (per metric ton) are set by the government; its formula refers to world market prices (same for all domestic producers) and a "depletion factor", specific to each

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GST Rates on Goods and Services under various Tax Slabs, 2021

Sep 24, 2021 · The GST council has fitted over 1300 goods and 500 services under four tax slabs of 5%, 12%, 18% and 28% under GST. This is aside from the tax on gold that is kept at 3% and rough precious and semi-precious stones that are placed at a special rate of 0.25% under

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Tax planning for setting up of a new business

Oct 10, 2021 · CONCLUSION With proper tax planning new business can get advantages of tax exemptions, deductions, incentives, rebates and reliefs permitted under law. "MAKE IN INDIA" provides a red carpet for new venture grow, attracts massive FDI and it is awarded best investment promotion agency in 2021 in the world. Supporting government balanced

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Accounting Codes Service Tax

Accounting head Service Tax (Others) Code Interest Tax Penalties ALL TAXABLE SERVICES OTHER THAN IN THE NEGATIVE LIST (WITH EFFECT FROM 1

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Taxation in India Wikipedia

The tax is usually accompanied by a number of service taxes, e.g., water tax, drainage tax, conservancy (sanitation) tax, lighting tax, all using the same tax base. The rate structure is flat on rural (panchayat) properties, but in the urban (municipal) areas it is mildly progressive with about 80% of assessments falling in the first two slabs.

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ZAMBIA TAX GUIDE An Overview Of The Fiscal

There is no capital gains tax in Zambia. Zambia Mineral Royalty. Mineral Royalty is charge under the Mines and Minerals Act Chapter 213 of the Laws of Zambia on any holder of large-scale mining licence, small-scale mining licence, gemstone licence, or artisan mining right for extracting the minerals from the earth.

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HSN and State Code List under Goods and Services Tax

Jul 23, 2021 · The tax payer needs to be declared these HSN codes in every tax invoice issued under GST. The previous year turnover will be considered as a basis to find out number of HSN digits to be used. Indian adaptation of HSN for Goods and Services Tax. India is the member of the World Custom Organisation since 1971.

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Service Tax in India Service Tax Rate India, Service Tax

Under section 67 of the Finance Act 1994, service tax is levied on the cumulative amount charged by the service provider on the receiver. But according to Rule 6 of Service Tax Rules 1994, the tax is allowed to be paid on the value received.

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eFPS Online BIR Tax Filing And Payments Made Easy

Jan 05, 2021 · Written by Marc Adrian. eFPS stands for Electronic Filing and Payment System, and it refers to the system developed and maintained by the Bureau of Internal Revenue (BIR) for electronically filing tax returns, including attachments, if any, and paying taxes due thereon, specifically through the internet.

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INPUT TAX CREDIT FOR MINING & CRUSHING OPERATION,

Sir, As per sl. No. 126 of Schedule I of Notification No. 1/2021-Central Tax (Rate) dated 28.6.2021 "Pebbles, gravel, broken or crushed stone, of a kind commonly used for concrete aggregates, for road metalling or for railway or other ballast, shingle and flint, whether or not heat-treated; macadam of slag, dross or similar industrial waste, whether or not incorporating the

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Protein Powder & Minerals Fall Under 12% GST Rate on Sale

Dec 05, 2021 · Protein Powder with Vitamins and Minerals manufactured by any applicant will fall under HSN Code 3004, said Himachal Pradesh Authority for Advanced Ruling (AAR). Thus attracting 12% Goods and Service Tax rates Grab the information of revised GST slab rates on consumer products in India, Although the GST council finalized the slab rates like 5%, []

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TIOL Tax News, GST, Income Tax, Service Tax, Customs, Central

THE levy of service tax on ocean freight in respect of CIF import contracts has been a subject matter of dispute between the importers and Indirect Tax Department primarily due to a double tax incidence on the said freight component viz., one under the service tax and the other under

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Service Tax and GST onOcean Freight, Service Tax

Service tax has to be paid on ocean freight under RCM from April 23. If you are aware of freight amount, then service tax @15% to be paid on same or else if freight is not known then you have to pay service tax @1.40% + Sbc and kkc of CIF value. The same is taxable in GST also @5% on 10% of CIF value.

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Corporate income taxes, mining royalties and other mining

considering increases to the mining tax rate and going beyond rates previously established by the Mining Investment Law. Australia enacted the Mineral Resource Rent Tax effective beginning on 1 July, 2021. The Australian Minerals Resource Rent Tax applies to bulk commodity projects for coal and iron ore operations, excluding small miners.

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PPT ON Goods and Service tax (GST) SlideShare

Jun 22, 2021 · Service Tax As of today, a service provider is liable for registration if his/her aggregate value of taxable services crosses Rs. 10 lakh. Mentioned below are the type of service tax levied on various services 1. Service tax at the rate of 14% is set off against service tax and excise liability. 2. Swachh Bharat cess at the rate of 0.5% 3.

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You are here Goods and Services Tax CouncilGST

Where it is clarified that quarrying /mining royalty is taxable under CGST Act, whether royalty payment in respect of quarrying/mining lease as per the MMDR Act read with KMMC Rules is in the nature of "Licensing services for the right to use minerals falling under the heading 9973 attracting GST at the same rate of tax as applicable on

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How the new tax rules on natural resource income affect

The new tax rules on natural resource income 5 Section 3(2) (g) of the KITA as amended imposes income tax for each year of income on natural resource income earned by resident or non-resident persons to the extent it is sourced in Kenya. The definition of natural resource income under the KITA as amended

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Mineral mining rights liable to GST AAR The Economic Times

Sep 25, 2021 · NEW DELHI Mineral mining rights granted by the government will be liable to the goods and services tax (GST) at the rate applicable on the supply of the extracted raw material, the Haryana Authority for Advance Rulings has ruled. The decision should ease the mining sector's tax burden and clear the ambiguity over whether such rights are liable to be taxed at

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How much Service Tax to be paid for Survey and Exploration

The service tax rate changes for Survey & Exploration of Minerals under Indian Budget 2021-18 is being updated below soon after announcement of Budget on 1 st February, 2021. The government notification extract also is being updated in pdf format once after release from the authorities.

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Quarterly India Tax updates January March 2021

applications, etc. under various laws such as Income Tax Act, STT, Equalization levy etc., where the prescribed time limit falls within 20 March 2021 to 29 June 2021Investment/ payment upto 30 June 2021 in prescribed savings instruments under Section 80C, Medical insurance

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Table of Contents Page No WHAT IS SALES TAX

Government under the Sales Tax Act, 1990, on sale and supply of goods and services and on the goods imported into Pakistan. Definitions and meanings of commonly used terms. Adjudication- It is the process leading to a judicial decision by an officer of sales tax vested with power and jurisdiction under section 45 of the Sales Tax Act, 19990, in case of dispute between Sales Tax

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TAX LAWS AND PRACTICE ICSI

6. Vikas MundraTax Laws and Practices; Law Point publications, 6C, R.N. Mukherjee Road, Kolkata- 700001 (edition based on provisions applicable for AY 2021-15) II. Service Tax and Value Added Tax 1. V. S. DateyService Tax Ready Reckoner; Taxmann

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INPUT TAX CREDIT FOR MINING & CRUSHING OPERATION,

Sir, As per sl. No. 126 of Schedule I of Notification No. 1/2021-Central Tax (Rate) dated 28.6.2021 "Pebbles, gravel, broken or crushed stone, of a kind commonly used for concrete aggregates, for road metalling or for railway or other ballast, shingle and flint, whether or not heat-treated; macadam of slag, dross or similar industrial waste, whether or not incorporating the materials cited in

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Public Service Tax on Propane Gas, Natural Gas and

All sales of propane gas, natural gas or electricity within the unincorporated area of Palm Beach County are subject to the 10% Palm Beach County Public Service Tax. The Palm Beach County Commission adopted and approved the Palm Beach County Public Service Tax Ordinance on July 18, 1989, and established procedures for collecting the tax.

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Service Tax on Royalty Gujarat HC Stays Demand [Read

Sep 22, 2021 · A bench comprising Justices Harsha Devani and A S Supehia was hearing a petition filed by Gujmin Industry Association wherein the petitioners contended that the royalty is not a payment in respect of any taxable service at all and it is imposed under section 9 of the Mines and Minerals (Development and Regulation) Act, 1957 in respect of any mineral "removed or consumed" by the

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Forms of taxes in Switzerland

Under certain circumstances, heirs have to pay a tax on the deceased person's estate. Taxes on gifts. Where money or assets are given away, in some cases tax has to be paid. Dog tax. The tax that dog owners have to pay. Withholding tax. Taxes on interest and dividends. Alcohol and tobacco tax. Taxes on spirits and tobacco products. Mineral Oil Tax. Taxes on mineral oils

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Service Tax Accounting Codes With Dates Introduced

Any organisation or established institution that has the responsibility to collect service tax from fellow taxpayers are mandated to have Service Tax Accounting Codes. These codes are thereafter quoted in the Service Tax Payment Challan. Note Service Tax has been replaced by the Goods and Services Tax (GST) starting 1 July 2021.

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HCR Tax and Accounting services HomeFacebook

HCR Tax and Accounting services, Caloocan. 317 likes. Hi my name is Hilbert. I offer the following services as a freelancer 1. Bookkeeping and preparation of financial statements for small-sized

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Account Codes in Service Tax (Major Head 0044)

Account Codes in Service Tax (Major Head 0044) 1. Sl. No SERVICE CATEGORY CODE SERVICE NAME Tax Interest/ Penalty/59 ULI MANAGEMENT OF INVESTMENT UNDER UNIT LINKED INSURANCE PLAN (ULIP) SERVICE 00440430 0044043194 SEM SURVEY AND EXPLORATION OF MINERAL 00440270 00440271 95 SUR SURVEY AND MAP

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Excise Tax StampGRA

Excise tax stamps are required to be affixed in the form and have the features determined by the GRA and issued by the Authority Excise Tax Stamps On Textiles The Excise Tax Stamp Act, 2021 (Act 873) has been amended to include textiles as part of goods requiring excise tax

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GST on Ocean Freight under reverse charge mechanism

Aug 26, 2021 · UOI, struck down the levy of GST under RCM on Ocean Freight transaction and this decision forms the bedrock. Just to have a quick recap, from 22 January 2021, the foreign liner or his agent was required to discharge service tax on the freight paid towards transportation of goods from outside India for all kinds of contracts, be it CIF or FOB.

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Renting of Immovable Property Service Tax

Renting of Immovable PropertyService Tax. By the Finance Act 2021, Central Government has extended the levy of service tax on renting of property also with effect from 1.06.2021. Renting of immovable property for use in the course or furtherance of business or commerce is taxable under section 65(105) (zzzz) of the Finance Act 1994.

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