State tax liability clarified: promoter responsible and applicable rate reduced, illustration updated to show split tax components. Corrigendum to G.O.Ms.No.63 amends three textual items: (1) replaces 'tax shall be paid by the promoter' with 'State tax shall be paid by the promoter' at page 3, column (5); (2) replaces 'rate of eighteen percent' with 'rate of nine percent' at page 3, column (5); and (3) replaces the wording in Illustration 3 at page 24 from 'the promoter shall pay tax @ 18 percent' to 'the promoter shall pay tax @ 18 (9+9) percent'.
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State tax liability clarified: promoter responsible and applicable rate reduced, illustration updated to show split tax components.
Corrigendum to G.O.Ms.No.63 amends three textual items: (1) replaces "tax shall be paid by the promoter" with "State tax shall be paid by the promoter" at page 3, column (5); (2) replaces "rate of eighteen percent" with "rate of nine percent" at page 3, column (5); and (3) replaces the wording in Illustration 3 at page 24 from "the promoter shall pay tax @ 18 percent" to "the promoter shall pay tax @ 18 (9+9) percent".
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