Rates of tax

Rates of tax

1. (1) The rates of tax payable under the Act shall be-
   • (a) in respect of goods specified in the Second Schedule, at the rate of one paise in the rupee;
   • (b) in respect of goods specified in the Third Schedule, at the rate of four paise in the rupee;
   • (c) in respect of goods specified in the Fourth Schedule, at the rate of twenty paise in the rupee;
   • (d) in the case of any other goods, at the rate of twelve and half paise in the rupee;