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Sales Tax Act Central Excise Act Customs Act Self Assessment Scheme Other Laws
Central Excise Act
Assesment of Tax
 
SECTION : 113-A 1st Sch. Part 1 Div. 1 Para 1A
 
Comments :
The scope of minimum turnover tax has been introduced for retailers having turnover of upto Rs. 5 Million for any tax year whereby the retailers have been given to opt for payment of tax @ 0.75% of their turnover which will be in settlement of final discharge of their tax liability.
 
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Definitions
Reduction in the Rate of Duty
Conditions for filing of Return
Time for filing of Revised Return
Power to Prohibit Payments
Duty at Higher of the Prices
Electronically Generated Sales
Time for Disposal of Cases
Powers of The Collector
Assessment of Tax
Administrative Changes
Powers to Postpone the Refunds
Procedural
Committee for Resolution
Committee Members

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