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Section 84: Recovery of Royalty from contractor bills

The Karnataka Municipalities Accounting and Budgeting Rules, 2006.State Rules of Karnataka · 1964

(1) Where the Municipality recovers royalty on stones, ballast, gravel, jelly, sand, kankar and bricks from the contractors’ bills passed for payment at the prescribed rates, a Royalty Register in Form No KMF 43 shall be maintained.

85. Remittance of recoveries from Contractors Bills:

Amounts recovered towards income tax deducted at source, works contract tax, royalty, or any other statutory recoveries shall be credited to Government under the relevant head of account, before the 7th of next month unless the period for such remittance is specified otherwise in the concerned laws.

CHAPTER 15 PROCEDURE FOR ACCOUNTING FIXED ASSETS

Where this provision sits

ActThe Karnataka Municipalities Accounting and Budgeting Rules, 2006.
Section84
Marginal noteRecovery of Royalty from contractor bills
JurisdictionState of Karnataka
StatusIn force as published by the source

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