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Announcing for Commercial Tax by Ministry of Finance & Revenue.

On 15th March, 2012, Ministry Of Finance & Revenue announced the(9) Notifications  for Commercial Tax. In Notifications, include changing the rate of the goods from the Commercial Tax Law table (1) to (7) and changing the several number from that table. 0% rate goods from former table(1) is become 5 %, 5 % rate goods from former table(2) is not changed , most of 10% rate goods from former table(3) ,20% rate goods from former table(4) , 25% rate goods from former table(5)  are reduced to 5 %.
 Commercial Tax Rate of Important goods from table (6)is reduced.Commercial Tax rate of petrol Oil, important goods from table (6) is reduced to 10 % from 170%,  Commercial Tax rate of Diesel Oil, important goods from table (6) is reduced to 10 % from 90%, Commercial Tax rate of all kinds of alcohol, important goods from table (6) is reduced to 50 % from 60~200%.
  Motor car is not changed CT rate 25 %.
 All these Notifications will effect 0n 1st April ,2012 ,that start 2012-13 Budget Year.
To see detail information in Internal Revenue Department website Commercial Tax Law.html  

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