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Home › Bare Acts › Meghalaya Tax (On Luxuries) Act, 2005 (Act No. 1 of 2005) › Section 4

Section 4 — Incidence of Tax

Meghalaya Tax (On Luxuries) Act, 2005 (Act No. 1 of 2005) · Free to read

Every stockist shall be liable to pay on his turnover of stock of luxuries of such rate, not exceeding twenty percentum, as the State Government may, by notification fix in this behalf and different rates may be fixed for different class or classes of luxuries.

← Section 3: Taxing AuthoritySection 5: Levy of Tax →