Change in Sales Tax

[bashi]

<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;