Bare Act
The Gujarat Tax on Luxury Commodities Act, 1995
The Gujarat Tax on Luxury Commodities Act establishes a tax on luxury items listed in a defined schedule. It applies to manufacturers, importers, and stockists who hold or trade these commodities within the state. The state government imposes a tax of up to 25% on stock held by stockists, and up to 20% on manufactured or imported commodities. Eligible businesses must register, though exemptions exist for entities already registered under other taxes or those with limited stock holdings. Implementation details like exemption thresholds, specific tax rates, and commencement dates are determined by the state government through official notifications. This framework ensures luxury goods bear appropriate taxation throughout Gujarat.
- 1. Short title, extent and commencement
- 2. Definitions
- 3. Incidence of tax
- 4. Tax on luxury commodities
- 5. Registration
- 6. Returns
- 7. Assessment of tax
- 8. Payment of tax
- 9. Power to reassess
- 10. Imposition of penalty in certain cases
- 11. Recovery of tax
- 12. Appeals
- 13. Revision
- 14. Power to inspect and search
- 15. Power of seizing, etc
- 16. Offences and penalties
- 17. Provided that no prosecution for any offence under this section shall be instituted in respect of the same facts on which a penalty has been imposed under section 14.
- 18. Power to make rules
- 19. Repeal and saving
PDF: pending for this language.