section 9(b)
Levy of tax
The Sikkim Value Added Tax Act, 2005Tax2005106 sections
Statutory text
For the purpose of this section, the "tax fraction" shall be determined for any sale by applying the formula: Pr = P / (1+R) Where Pr is the aggregate of such sales prices exclusive of tax: P is the aggregate of such sales prices inclusive of tax, and R is the rate of tax applicable to such sales.
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