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Input Tax - Law Dictionary Search Results

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Input tax credit, or input tax rebate

Input tax credit, or input tax rebate, in relation to any period, means the setting off of the amount of input tax, or part thereof, by a registered dealer against the amount of his output tax. [The West Bengal Value Added Tax Act, 2003, s. 2(19)]...


Input tax

Input tax, in relation to any period, means the amount of tax--(a) separately realised or realisable by registered dealer from a registered dealer in respect of purchases made by the latter dealer in West Bengal of taxable goods, other than such taxable goods as may be prescribed, required directly in connection with his business, or (b) paid or payable by a dealer (not being a shipper of jute) under section 11 or section 12 or section 14. [The West Bengal Value Added Tax Act, 2003, s. 2(18)]...


Net Tax

Net Tax, in relation to any period, means - (a) in case of a registered dealer, the amount of output tax in excess of the input tax credit claimed by such registered dealer in accordance with the provisions of the Act and the rules made thereunder, (b) in case of any dealer other than a registered dealer, the amount of output tax. [West Bengal Value added Tax Act, 2003, s. 2(23)]...


Justifiable homicide

Justifiable homicide, the killing of a human creature without incurring any legal guilt. It is of various kinds:-(1) The due execution of public justice, inputting a malefactor to death who has forfeited his life by the laws of his country.(2) It may be committed for the advancement of public justice, as in the following instances: (a) Where an officer or his assistant, in the due execu-tion of his office, either in a criminal or civil case, arrests, or attempts to arrest, a person who resists and who is killed in the struggle. (b) In case of a riot or rebellious assembly, officers endeavouring to disperse the mob are justified in killing them, both at Common Law and by the (English) Riot Act (1 Geo. 1, c. 5). (g) Where the prisoners in a gaol assault the galore or officer, and he in his defence kills any of them; it is justifiable for the sake of preventing an escape. (d) Where an officer or his assistant, in the due execution of his office, arrests, or attempts to arrest, a person fo...


Input service distributor

Input service distributor, shall have the same meaning assigned to it in clause (m) of Rule 2 of the CENVAT Credit Rules, 2004. [Service Tax (Registration of Special Category of Persons) Rules, 2005, R. 2(c)]...


Consumables

Consumables, refers only to material which is utilised as an input in the manufacturing process but is not identifiable in the final product by reason of the fact that it has got consumed therein, Coastal Chemical Ltd. v. Commercial Tax Officer, (1999) 8 SCC 465...


CPU

The central processing unit that part of the electronic circuitry of a computer in which the arithmetic and logical operations are performed on input data which are thereby converted to output data it is usually located on the mainboard or motherboard of a computer The CPU and the memory form the central part of a computer to which the peripherals are attached Most personal computers as of 1998 had only one CPU but some computers may have more than one CPU...


Education

Education. Mr. Forster's Elementary Education Act, 1870 (English) (33 & 34 Vict. c. 75), is the starting point in the history of the provision by legislation of a general system of education. Before this date education had been dealt with either as a series of individual problems in respect of which provisions were made for the education of special classes of persons, or by executive, as opposed to legislative methods, as, for example, by a system of grants in aid. This Act was followed by a series of Acts, known collectively as the Education Acts, 1870 to 1919, which together established a system of free and compulsory elementary education of a non-denominational character. The initial Act established 'school boards' with powers of building and maintaining elementary schools and of regulating the attendance of school children between the ages of 5 and 13. The El. Ed. Act, 1876, declared 'the duty of the parent of every child to cause such child to receive efficient elementary educatio...


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