Does NMMC(Navi Mumbai Muncipal Corporatiion) cess qualify as an entry tax and is it therebydeductible under provisionds of MVAT?
3 Replies
yashes gala
(Service)
(177 Points)
Replied 09 September 2008
NMMC tax is Municipality tax and not Government tax and so it is not deductible under MVAt tax act. It has to be paid to the Municipal Corp. of Navi Mumbai and not to Government
jaideep
(service)
(25 Points)
Replied 26 July 2011
2 Question related of NMMC
1. Whether cess is applicable on Fixed assets which inclusive of VAT , Trasnportation charges means what is defination of ad valorum under NMMC
2. Whether intangible assets cover under cess as per NMMC
Regards
CA .Jaideep
Recent Topics
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
Related Threads
CAclubindia
