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Sale 12.5./.

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(Querist)
10 May 2014 can we sold 12.5 perc. goods at 5 perc. pls give me ans with rules.
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vibhor

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vibhor (Expert)
10 May 2014 No you cant sale goods taxable at 12.5% at 5%. It will attract recovery of tax with interest and penalties. Rates of Sale Tax are mentioned in Schedule I to Schedule VI of the DVAT Act'2004.

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