https://www.taxtmi.com/article/detailed?id=1258 The Budget increased the statutory ceiling for declared goods and, under the proviso to the PVAT provision levying an additional tax calculated as a percentage of tax payable, the aggregate of tax plus surcharge cannot exceed that ceiling; thus declared goods other than those reclassified to the ceiling rate will bear the scheduled tax plus surcharge only to the extent the aggregate remains at or below the new ceiling, effective from the date the ceiling was raised. en-us Wed, 20 Apr 2011 11:27:48 +0530 Wed, 20 Apr 2011 11:27:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1258 The Budget increased the statutory ceiling for declared goods and, under the proviso to the PVAT provision levying an additional tax calculated as a percentage of tax payable, the aggregate of tax plus surcharge cannot exceed that ceiling; thus declared goods other than those reclassified to the ceiling rate will bear the scheduled tax plus surcharge only to the extent the aggregate remains at or below the new ceiling, effective from the date the ceiling was raised. Articles Value Added Tax - VAT and CST Wed, 20 Apr 2011 11:27:48 +0530 https://www.taxtmi.com/article/detailed?id=1258