what is meant by statutory payments?
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Answer / kavita
If company ask than it means income tax, sales tax, service
tax and wealth tax
| Is This Answer Correct ? | 38 Yes | 10 No |
Answer / osman
Statutory payments are Service Tax, PF, ESI, SALES TAX,EXCISE DUTY.
| Is This Answer Correct ? | 21 Yes | 5 No |
goods purchases of Rs.1200 was recorded in the sales book and the Vendor's account was credited by Rs. 1200
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