Classification of Limited Liability Partnerships as partnership firms clarifies GST treatment and adds GTA tax-payment condition. The notification amends the State Tax (Rate) schedule to (i) condition the GTA entry on payment of state tax at the prescribed rate, and (ii) deem a Limited Liability Partnership to be a partnership firm for purposes of the notification; the amendments are effective from 22nd August, 2017.
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Classification of Limited Liability Partnerships as partnership firms clarifies GST treatment and adds GTA tax-payment condition.
The notification amends the State Tax (Rate) schedule to (i) condition the GTA entry on payment of state tax at the prescribed rate, and (ii) deem a Limited Liability Partnership to be a partnership firm for purposes of the notification; the amendments are effective from 22nd August, 2017.
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