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 4: Incidence of Tax
The Meghalaya Tax (On Luxuries) Act, 2005 (Act No. 1 of 2005)State Act of Meghalaya · Act 1 of 2005
Where this provision sits
| Act | The Meghalaya Tax (On Luxuries) Act, 2005 (Act No. 1 of 2005) |
|---|---|
| Section | 4 |
| Marginal note | Incidence of Tax |
| Jurisdiction | State of Meghalaya |
| Status | In force as published by the source |
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