How to differentiate Entry tax in lieu of octopi with Tax Deduction at Source?
What is Entry tax in lieu of octopi? How does Tax Deduction at Source work under GST regime? What are the difference between Entry tax in lieu of octopi and Tax Deduction at Source?
Under GST system, the following information explains about Entry tax in lieu of octopi and Tax Deduction at Source.
As per GST terms, "entry tax in lieu of octopi" (ETILOO) is a tiny tax, but difficult to comply with and inflicts enormous pain on the economy. It divides the Indian common market and acts like a tariff on import of goods into a local/municipal area from the rest of the country.
Tax Deduction at Source Tax Deduction at Source (TDS) is a system, initially introduced by the Income Tax Department. It is one of the modes/methods to collect tax.
The details about Entry tax in lieu of octopi and Tax Deduction at Source with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Entry tax in lieu of octopi and Tax Deduction at Source, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Entry tax in lieu of octopi and Tax Deduction at Source separately below. You may kindly read the below links to know more about Tax Deduction at Source and Entry tax in lieu of octopi.
What is entry tax in lieu of octroi (ETILOO) under GST
What is Tax Deduction at Source (TDS) under GST
The above information easily explains about Tax Deduction at Source and Entry tax in lieu of octopi.
We hope, you have satisfied with the difference between Entry tax in lieu of octopi and Tax Deduction at Source explained above. Do you have different thought on difference between Tax Deduction at Source and Entry tax in lieu of octopi?
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