What is assessee code?
The assessee code is a 15-character identification number allotted by the system to the Central Excise or Service Tax assessee based on PAN number or a temporary number (in cases where PAN could not be submitted). The 15-character assessee code will be available in the registration certificate issued to the assessee.
What is IG reference number?
NB: To ensure your funds are credited in a timely manner, please quote your five-digit IG account number as a reference. Your account number can be found in the web-based trading platform under ‘My IG’ > ‘Manage Accounts’ or in the email that we sent you upon activation of your account.
What is the correct based for payment of Service Tax?
2009, the Service tax was payable @ 12% of the ‘gross amount’ plus 2% Education Cess on service tax plus 1% Secondary Higher Education Cess on service tax i.e totaling to 12.36% ( in specific cases partial deductions are allowed, refer section 67 of the Finance Act) charged by the service provider for providing such …
What is Service Tax number in India?
Service Tax Number is a unique 15 digit number which is allotted to the assessee at the time of filing an application for registration for Service Tax. Just like PAN Card No is required for payment and filing of Income Tax Returns, similarly service tax number is required for payment and filing of Service Tax Returns.
What is assessee code in PNB?
Enter 15 digit Assessee code. System will automatically displays relevent information related to Assesse Code. The major heads (related to the Assessee Code and Type) will be decided by the system and only the corresponding reduced accounting heads will be displayed in the link of accounting heads.
Who is assessee in GST?
13 min read. A ‘taxable person’ under GST, is a person who carries on any business at any place in India and who is registered or required to be registered under the GST Act. Any person who engages in economic activity including trade and commerce is treated as a taxable person.
What is IG payment?
The payment feature appears under Settings in the app, with an option to add debit or credit card information, track previous payments and set a pin for extra security. It’s another effort to support businesses and advertising on the photo-sharing platform.
What is challan 282?
ITNS 282 for payment of Gift-tax, Estate Duty, Expenditure Tax and Other miscellaneous direct taxes.
How can I check my service tax number?
Service tax Number can be easily derived from the PAN card of the assessee. The mandatory thing you should have is the PAN card of the assessee, through which you can derive the Service tax number easily.
How do I find my Tax Registration Number?
VAT registered person can check the validation of his tax registration number (TRN verification or VAT verification) by visiting Federal Tax authority website portal. The validity of the tax registration number ensures that the business is a registered business.
What is Assessee default?
Assessee-in-default is a person who has failed to fulfill his statutory obligations as per the income tax act such as not paying taxes to the government or not file his income tax return. For example, an employer is supposed to deduct taxes from the salary of his employees before disbursing the salary.
Who is specified Assessee?
An assessee is any individual who is liable to pay taxes to the government against any kind of income earned or any losses incurred by him for a particular assessment year. Each and every person who has been taxed in the previous years for income earned by him is treated as an Assessee under the Income Tax Act, 1961.
What is assessee and its types?
An Assessee may be any individual liable to pay taxes for himself or to pay tax on behalf of somebody else. The Income Tax Act, 1961 has classified Assessee in different categories. An Assessee may either be a normal Assessee, a Representative Assessee, a Deemed Assessee or an Assessee in Default.
Who is an ordinary assessee?
An individual who is liable to pay taxes for the income earned during a financial year is known as a normal assessee. Every individual who has earned any income earned or losses incurred during the previous financial years are liable to pay taxes to the government in the current financial year.
What is Penalty Code 11C and N11C?
Code 11C is for Penalty Order u/s 271(1) (c) and N11C is for Order Other than u/s 271(1) (c). And u/s 271(1)(c), Penalty is for concealment of particulars of income or furnishing inaccurate particulars of income. And the amount of penalty will be : Minimum 100% or Max 300% of the Tax sought to be evaded.