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Procurement System Government of India Page 1 of 3eProcurement System Government of India Tender Details Date : 09Jun2022 05:28 PM PrintBasic Details Organization Chain Indian Institute of Information
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What is bgst or emd?
The acronym bgst stands for Business Gross Sales Tax and emd stands for Earnest Money Deposit.
Who is required to file bgst or emd?
Business owners are required to file bgst and individuals or organizations involved in real estate transactions are required to file emd.
How to fill out bgst or emd?
To fill out bgst or emd, you need to provide detailed information about your business sales or the property transaction, respectively.
What is the purpose of bgst or emd?
The purpose of bgst is to report and pay the sales tax collected from customers and the purpose of emd is to demonstrate commitment to a real estate transaction.
What information must be reported on bgst or emd?
On bgst, information about business sales and tax collected must be reported, while on emd, information about the deposit made for a real estate transaction must be reported.
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