Insulin is released from the beta cells in your pancreas in response to rising glucose in your bloodstream. After you eat a meal, any carbohydrates youâve eaten are broken down into glucose and passed into the bloodstream. The pancreas detects this rise in blood glucose and starts to secrete insulin.
A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. Regressive describes a distribution effect on income or expenditure, referring to the way the rate progresses from high to low, so that the average tax rate exceeds the marginal tax rate.
REVERSE CHARGE MECHANISM OF SERVICE TAX (RCM). With effect from 1-7-2012, the central government has notified the new partial reverse charge mechanism for the payment of service tax in respect of certain taxable services. the present write up tries to make an investigative study of this new scheme.The Liability To pay service Tax:Service tax is an indirect tax, where the service provider has to collect the tax from the service receiver and had to pay to deposit in to Government account. As per Sec68(1) of Finance act 1994, every person providing taxable service to any person is liable to pay service tax.he Liability To pay service Tax: Service tax is an indirect tax, where the service provider has to collect the tax from the service receiver and had to pay to deposit in to Government account. As per Sec68(1) of Finance act 1994, every person providing taxable service to any person is liable to pay service tax.