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Home›State Acts›The Orissa Luxury Tax Act, 1995›section 4

section 4

Incidence of luxury tax

The Orissa Luxury Tax Act, 1995
Tax199515 sections
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Statutory text

Every stockist shall be liable to pay a luxury tax on his turnover of stock of luxuries at such rate, not exceeding twenty per centum, as the State Government may, by notification, fix in this behalf, and different rates may be fixed for different class or classes of luxuries.

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Contents

15 matching sections

  1. 1Short title, extent and commencement
  2. 2Definitions
  3. 3Taxing authorities
  4. 4Incidence of luxury tax
  5. 5Levy of luxury tax
  6. 6Licence
  7. 7Provided 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. 8Interest
  9. 9Assessment of luxury tax, imposition of penalty & determination of Interest
  10. 10Refunds
  11. 11Accounts
  12. 12Production and inspection of accounts and search of premises
  13. 13Search and seizure of luxuries
  14. 14Establishment of check posts or barriers and inspection of goods
  15. 15Provided also that no order of confiscation shall be made in respect of luxuries which are not liable to payment of luxury tax.
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