Just a moment...

Report
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
+ Post a Query
Post a New Query
Title :
0/200 char
Description :
Max 0 char
Category :
Delete Reply

Are you sure you want to delete your reply beginning with '' ?

Delete Issue

Are you sure you want to delete your Issue titled: '' ?

Discussion Forum

Back

All Issues

Advanced Search
Reset Filters
Search By:
Search by Text :
Press 'Enter' to add multiple search terms
Select Date:
FromTo
Category :
OR
Search by Issue ID:
NOTE: If you have inputs in both the fields, then results will be shown for issueId first.
Issue ID : 111819
- 0 -

VAT ON LIQUOUR IN RESTAURENT

Date 22 Apr 2017
Replies2 Answers
Views 1319 Views
Asked By

From 1st October 2015 onwards, there is no change in the tax liability, in respect of liquor purchased from a registered dealer in the state. However, in respect of liquor brought or imported from outside the state, the restaurant would be liable to pay tax at schedule rate of 60% of the actual sales price but, subject to the limit of MRP X 30/130. Of course, in addition, the liability to pay tax at 5% of the actual sales price continues unchanged.

Can any one explain the meaning. Is we need to pay 60% of the actual sales price or MRP X 30/130 whichever is lower and 5% additional.

2 answers
Sort by

Old Query - New Comments are closed.

Hide
- 0
Replied on Apr 23, 2017
1.

Which State?

- 0
Replied on Apr 24, 2017
2.

IN MAHARASHTRA STATE CITY MUMBAI.

Old Query - New Comments are closed.

Hide
Recent Issues