Central sales tax rate increase in Section 15 clause (a) changes taxable-base compliance and invoicing obligations. The Finance Act, 2011 amends clause (a) of section 15 of the Central Sales Tax Act, 1956 by substituting the words previously used to express the rate ... Summary
Central sales tax rate increase in Section 15 clause (a) changes taxable-base compliance and invoicing obligations.
The Finance Act, 2011 amends clause (a) of section 15 of the Central Sales Tax Act, 1956 by substituting the words previously used to express the rate with the words "five per cent", thereby changing the statutory rate specified in that clause without altering other provisions in the supplied text.
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