08-16-2010, 02:42 AM
Every person required to be registerd as a retailer under the Act shell, if not already registerd, obtain registration in the manner specified in Chapter I of the Sales Tax Rules, 2006.
A retailer operating under "The Sales Tax Special Procedure Rule 2007" shell deposit the sales tax due along with return on quarterly basis in the mannes prescribed in Chapter II of the Sales Tax Rules, 2006,
Tax Rate-
Up to Rs. 1.25 Million Nil
More than Rs.1.25 million and up to Rs. 2.50 million ----- 0.5% of turnover which is in excess of Rs. 1.25 million
More than Rs.2.5 million ------ Rs. 6,250 plus 0.75% of turnover which is in excess of Rs. 2.5 million
A retailer operating under "The Sales Tax Special Procedure Rule 2007" shell deposit the sales tax due along with return on quarterly basis in the mannes prescribed in Chapter II of the Sales Tax Rules, 2006,
Tax Rate-
Up to Rs. 1.25 Million Nil
More than Rs.1.25 million and up to Rs. 2.50 million ----- 0.5% of turnover which is in excess of Rs. 1.25 million
More than Rs.2.5 million ------ Rs. 6,250 plus 0.75% of turnover which is in excess of Rs. 2.5 million
