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The tax is to be paid by a registered trader within 40 days. As per the rules, every trader whose annual turnover of purchase and sales of the goods included in the taxable schedule is not less than ₹ 5000 and if the annual turnover of purchase and sales of all the goods is not less than ₹ 1,00,000 (one lakh) is supposed to be registered with the local civic body i.e. municipality.
The Brihanmumbai Municipal Corporation (BMC), [4] or Municipal Corporation of Greater Mumbai (MCGM) is the governing civic body of Mumbai, the capital city of Maharashtra. Salman Khan Is Now Brand Ambassador of BMC from 2016 [ 5 ] .The BMC is India 's richest municipal corporation.
In India, a municipal council, also known as nagar palika, nagar parishad or nagar parisad, is a self-governing Urban Local Body that administers a smaller urban areas than municipal corporations, with population of 100,000 or more.
The Mira-Bhayandar Municipal Corporation is the governing body of the city of Mira-Bhayandar in the Indian state of Maharashtra.It consists of democratically elected members, headed by a mayor who administers the city's infrastructure, public services and police.
The Central Board of Indirect Taxes and Customs (CBIC), formerly the Central Board of Excise and Customs, is a statutory body under the Department of Revenue, Government of India. It oversees the administration of indirect taxes , including customs duties, excise duties, and the Goods and Services Tax (GST).
Mumbai (/ m ʊ m ˈ b aɪ / muum-BY; ISO: Muṁbaī, Marathi: ⓘ), also known as Bombay (/ b ɒ m ˈ b eɪ / bom-BAY), is the capital city of the Indian state of Maharashtra.Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12.5 million (1.25 crore). [20]
National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.
Income Tax departments raided various illegal tax-evasive businesses in Delhi, Mumbai, Chandigarh, Ludhiana and other cities that traded with demonetised currency. [29] The Enforcement Directorate issued several FEMA notices to forex and gold traders. [ 28 ]