Does NMMC(Navi Mumbai Muncipal Corporatiion) cess qualify as an entry tax and is it therebydeductible under provisionds of MVAT?
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
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
