What does STRD mean in DEVELOPMENT
Special Tax for Rural Development (STRD) is a tax levied by the Indian government on certain specified services with the primary objective of funding the development of rural areas in the country. The tax is imposed under the provisions of the Finance Act, 2009.
STRD meaning in Development in Community
STRD mostly used in an acronym Development in Category Community that means Special Tax for Rural Development
Shorthand: STRD,
Full Form: Special Tax for Rural Development
For more information of "Special Tax for Rural Development", see the section below.
» Community » Development
What does STRD stand for?
STRD stands for Special Tax for Rural Development.
STRD meaning in COMMUNITY
STRD is a significant source of revenue for the government's rural development initiatives. The tax proceeds are utilized to finance various programs aimed at improving the infrastructure, education, healthcare, and economic opportunities in rural communities.
STRD full form
The full form of STRD is Special Tax for Rural Development.
Essential Questions and Answers on Special Tax for Rural Development in "COMMUNITY»DEVELOPMENT"
What is Special Tax for Rural Development (STRD)?
STRD is a special tax levied by the government of India on certain agricultural commodities to fund various rural development initiatives.
Which agricultural commodities are subject to STRD?
The agricultural commodities subject to STRD include tobacco, coffee, tea, rubber, cardamom, and pepper.
What is the purpose of STRD?
The revenue generated from STRD is primarily used to finance rural infrastructure projects, such as roads, bridges, irrigation facilities, and healthcare centers.
Who is responsible for collecting STRD?
The responsibility for collecting STRD lies with the Central Board of Indirect Taxes and Customs (CBIC).
How is STRD calculated?
The STRD rate is determined by the government and varies depending on the specific agricultural commodity. The tax is calculated as a percentage of the value of the goods at the time of sale.
Are there any exemptions from STRD?
Yes, certain categories of agricultural producers are exempt from paying STRD, such as small-scale farmers and cooperatives.
What are the penalties for non-payment of STRD?
Failure to pay STRD on time can result in penalties, interest charges, and other legal consequences.
Final Words: STRD is a crucial tax mechanism that supports the government's commitment to rural development. By earmarking a portion of the tax revenue for rural upliftment, the government aims to bridge the gap between urban and rural areas and foster inclusive growth and prosperity across the country.
STRD also stands for: |
|
| All stands for STRD |