section 7
Single point levy of sales tax on Declared goods specified in Schedule B
The Maharashtra Sales Tax Act, 1979Tax1979106 sections6 chapters
Statutory text
- (1) There shall be levied a sales tax, on the turnover of sales of Declared goods specified in Schedule B, at the rate set out against each of them in column 3 thereof, but after deducting from such turnover—
- (i) resales of goods on the purchases of which the dealer is liable to pay purchase tax under section 20 or special purchase tax under sub-section (2) of section 22;
- (ii) resales of goods purchased by him on or after the appointed day from a Registered dealer, otherwise than on a declaration furnished under section 12 or 13, if a certificate as provided in section 15 is obtained;
- (iii) resales of goods purchased by him on or after the appointed day from a dealer liable to pay tax under section 4, if a certificate as provided in section 16 is furnished;
- (iv) resales of goods (other than those specified in Schedule A of the Bombay Sales Tax Act, 1959), purchased from a dealer registered under that Act, otherwise than on a certificate or declaration furnished under that Act or under the rules made or the notifications issued thereunder and held in stock on the appointed day, if a certificate as prescribed in section 12A of that Act is furnished; and
- (v) sales of goods or resales of goods to which clause (ii),
- (iii) or (iv) does not apply, to an Authorised dealer or to a Commission agent holding a permit who purchases on behalf of a principal upon such dealer or Commission agent, as the case may be, furnishing a declaration as provided in section 13:
- (2) In order to comply with the restrictions contained in section 15 of the Central Sales Tax Act, 1956, to the effect that the tax shall not be levied on the sales or purchases of the goods mentioned in any of the entries in Schedule B at more than one stage, it is hereby provided that if under this Act or any earlier law any sale or purchase of such goods has borne tax, then no further tax shall be levied under this Act on any subsequent sale or purchase thereof; and accordingly, for the purpose of arriving at the taxable turnover of sales or purchases of a dealer, there shall be deducted from his total turnover of sales, or as the case may be, of purchases, the sales or purchases of such goods as have borne tax at any earlier stage.
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