The Orissa Luxury Tax Act, 1995
The Orissa Luxury Tax Act, 1995
The Orissa Luxury Tax Act, 1995, establishes a regulatory framework for taxing specific "luxury" commodities within the state of Orissa. It applies primarily to "stockists"—manufacturers, importers, or distributors who hold, sell, or supply these luxury goods. The Act mandates that these businesses obtain a license, file regular returns on their stock turnover, and pay a luxury tax, which is capped at 20%. It empowers tax authorities to inspect premises, seize goods to prevent tax evasion, and impose penalties for non-compliance. For the ordinary citizen, this law ensures that businesses dealing in high-end goods contribute fairly to state revenue through a structured taxation system.
- 1. Short title, extent and commencement
- 2. Definitions
- 3. Taxing authorities
- 4. Incidence of luxury tax
- 5. Levy of luxury tax
- 6. Licence
- 7. Provided that the licence so cancelled may be restored if the stockist to whom the licence was granted pays the arrear luxury tax, penalty and interest and furnishes a receipted challan therefor.
- 8. Interest
- 9. Assessment of luxury tax, imposition of penalty & determination of Interest
- 10. Refunds
- 11. Accounts
- 12. Production and inspection of accounts and search of premises
- 13. Search and seizure of luxuries
- 14. Establishment of check posts or barriers and inspection of goods
- 15. Provided also that no order of confiscation shall be made in respect of luxuries which are not liable to payment of luxury tax.
PDF: pending for this language.