ഇന്ത്യയിൽ സെൻട്രൽ ഗവർമെന്റും വിവിധ സ്റ്റേറ്റ് ഗവർമെന്റുകളും നടപ്പിലാക്കി വന്നിരുന്ന വിവിധ തരം പരോക്ഷ നികുതികൾ സംയോജിപ്പിച്ചു ഒരു ഒറ്റ നികുതി സംവിധാനമായതാണ് ജി.സ്. ടി. ജി. സ്. ടി നടപ്പിലായതു വഴി ഡബിൾ ടാക്സഷൻ ഒഴിവാക്കാനും രാജ്യം മൊത്തം ഒരു ഒറ്റ നികുതി സംവിധാനത്തിനു കീഴിലാക്കാനും സാധിച്ചു. ജി സ് ടി നടപ്പിലാക്കിയതു വഴി താഴെ പറയുന്ന നികുതികൾ പൂർണ്ണമായും ഇല്ലാതെയായി. Central Excise Duty Duties of Excise (Medicinal & Toilet Preparations) Additional Duties of Excise (Textile & Textile Products) Additional Duties of Customs (Commonly Known as CVD) Special Additional Duty of Customs (SAD) Service Tax Cess & Surcharges insofar as they relate to Supply of Goods or Services State VAT Central Sales Tax Purchase Tax Luxury Tax Entry Tax (All Forms) Entertainment Tax (Except those levied by the local bodies) Tax on Advertisements Taxes on lotteries, betting and gambling State Cess and surcharges insofar as they relate to Supply of Goods or Services
What is meant By Renumeration According to the Income Tax ACT 1961 U/S 40(b)( i ), the word renumeration referred to any payment of salary. bonus, commission, or renumeration whatever name called . Calculation of Partner’s Salary / Renumeration Renumerations are only allowed for partners who is working partner in the firm according to the partnership Deed. If the partner is not a working partner then it is not allowed to deducted in computing the income chargeable under the head “ Profit and Gains on Business or Profession ”. Any payments as Salary must be authorized and according to the terms of partnership deed. Payment of Renumeration to any partner who is a working partner must be as follows. on the first Rs.- 3,00,000 of book profit or loss :- 1,50,000 or the rate of 90% of the book profit which ever is more on the balance of the book profit at the rate of 60% Calculation of Capital Interest Any payment as interest must also be authorised and accord