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%.
<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
<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 âseventeenâ, wherever occurring, the word
âsixteenâ shall be substituted;