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.