Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Change in Sales Tax
06-28-2011, 03:10 PM
Post: #1
Change in Sales Tax
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%.
Visit this user's website Find all posts by this user
Quote this message in a reply
06-28-2011, 04:08 PM
Post: #2
 
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by olympia</i>
<br />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"></font id="quote"></blockquote id="quote">

dear Olympia ,


baqi tamam ST rate mein koi tabdeeli nahi aai hai.


regards
m.junaid
Visit this user's website Find all posts by this user
Quote this message in a reply
06-28-2011, 04:08 PM
Post: #3
 
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by olympia</i>
<br />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"></font 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 “seventeen”, wherever occurring, the word
“sixteen” shall be substituted;
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)