Glossary entry (derived from question below)
English term or phrase:
set-off against the liability
Polish translation:
zaliczka na poczet zobowiązania
- The asker opted for community grading. The question was closed on 2016-08-05 09:54:07 based on peer agreement (or, if there were too few peer comments, asker preference.)
Aug 1, 2016 17:43
7 yrs ago
2 viewers *
English term
set-off against the liability
English to Polish
Bus/Financial
Law: Taxation & Customs
Potrącenie(?!) (na poczet) zobowiązania podatkowego?
Przykłady w zdaniach:
The CENVAT paid on raw materials used in the manufacture of finished products is available as *setoff against the CENVAT liability* on manufacture.
The service tax paid on the services received can be used as *set-off against the liability* of service tax.
It is pertinent to note that the VAT paid to vendors for procurement of goods can be availed as input tax credit *(set-off) against discharge of VAT or CST liability* on sale of goods.
Certain States provide for a *set-off of entry tax paid against* the VAT payable on the sale of goods in such State.
Samo set-off:
The benefit of *set-off* is also available on CENVAT which has been paid on inputs/capital goods used by the service provider.
The ACD paid as part of customs duty would be available as a CENVAT credit *(set-off)* to the manufacturers/service providers.
The benefit of *set-off* is also available on the service tax which has been paid on services used by the manufacturer.
CST paid by the buyer while procuring the goods is not available as *set-off* for payment against any liability and hence is a cost to the business.
CST - Central Sales Tax
CENVAT - Central Value Added Tax
ACD - Additional Customs Duty
Przykłady w zdaniach:
The CENVAT paid on raw materials used in the manufacture of finished products is available as *setoff against the CENVAT liability* on manufacture.
The service tax paid on the services received can be used as *set-off against the liability* of service tax.
It is pertinent to note that the VAT paid to vendors for procurement of goods can be availed as input tax credit *(set-off) against discharge of VAT or CST liability* on sale of goods.
Certain States provide for a *set-off of entry tax paid against* the VAT payable on the sale of goods in such State.
Samo set-off:
The benefit of *set-off* is also available on CENVAT which has been paid on inputs/capital goods used by the service provider.
The ACD paid as part of customs duty would be available as a CENVAT credit *(set-off)* to the manufacturers/service providers.
The benefit of *set-off* is also available on the service tax which has been paid on services used by the manufacturer.
CST paid by the buyer while procuring the goods is not available as *set-off* for payment against any liability and hence is a cost to the business.
CST - Central Sales Tax
CENVAT - Central Value Added Tax
ACD - Additional Customs Duty
Proposed translations
(Polish)
3 +1 | zaliczka na poczet zobowiązania | Kasia Bogucka |
Proposed translations
+1
2 hrs
Selected
zaliczka na poczet zobowiązania
propozycja
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
Discussion