Friday, March 29, 2024    Bookmark and Share
AKAS & ASSOCIATES LLP
Chartered Accountant
My Documents
Admin Login
 
Home
Services
About Us
Contact Us
Partners
Ask a Query
11-B : Payment of lump sum in lieu of tax

11-B : Payment of lump sum in lieu of tax

(1) Notwithstanding anything contained in this Act, the State Government may direct payment of tax in lump sump in respect of such class of goods by such class of dealers on such terms and conditions as may be notified in the official Gazette.

(2) The tax in lump sump specified in sub-section (1) shall not exceed the amount of maximum tax liability provided in sub-section (1) of section 9.
Total Visitors: 722120 Powered By Aem Solutions