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.
Clarification on VAT for Imported Liquor in Restaurants: 60% of Sales Price or MRP Limit, Plus 5% Tax? A query was raised regarding the VAT on liquor in restaurants in Maharashtra, specifically Mumbai. It was noted that since October 1, 2015, there has been no change in tax liability for liquor purchased from within the state. However, for liquor imported from outside the state, the restaurant must pay a tax at a rate of 60% of the actual sales price, subject to a limit calculated as MRP X 30/130, plus an additional 5% tax on the actual sales price. Clarification was sought on whether the tax should be calculated as 60% of the sales price or the MRP-based limit, plus the 5% additional tax. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
