Change in Sales Tax - Printable Version

Change in Sales Tax - Printable Version

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Change in Sales Tax - olympia - 06-28-2011

In Budget 11-12 standard rate of sales tax is reduced by 17% to 16%. There r some items on which different rate of sales tax is charged like 8.5%, 19.5% & 22%. Could u please clarify that all sales tax rate has to be reduced by 1% or only 17% rate is reduced & charged as 16%.

- mjm54580 - 06-28-2011

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by olympia
 In Budget 11-12 standard rate of sales tax is reduced by 17% to 16%. There r some items on which different rate of sales tax is charged like 8.5%, 19.5% & 22%. Could u please clarify that all sales tax rate has to be reduced by 1% or only 17% rate is reduced & charged as 16%.
<hr height="1" noshade id="quote"></blockquote id="quote">

dear Olympia ,

baqi tamam ST rate mein koi tabdeeli nahi aai hai.

regards
m.junaid

- bashi - 06-28-2011

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by olympia
 In Budget 11-12 standard rate of sales tax is reduced by 17% to 16%. There r some items on which different rate of sales tax is charged like 8.5%, 19.5% & 22%. Could u please clarify that all sales tax rate has to be reduced by 1% or only 17% rate is reduced & charged as 16%.
<hr height="1" noshade id="quote"></blockquote id="quote">

Only 17% is reduced to 16%

Read Finance Bill 2011-12

Amendments of the Sales Tax Act, 1990.- In the Sales Tax Act, 1990, the
following further amendments shall be made, namely-

in section 3, for the word âseventeenâ, wherever occurring, the word
âsixteenâ shall be substituted;