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Sales Tax Act, 1990 :: Budget 2007 - 2008 :: Comments By TMRC   

Also Retailers operating under these rules shall charge and collect sales tax and pay income tax at slab rates depending on the annual turnover of supplies ......

Express india - Budget 2007-2008   

The 8 % tax slab had been removed earlier and now only two rates of 4% and 12.5% remain. The ministry now feels that the rates are too disparate and need to ......