In a bid to improve the state’s fiscal health, the Uttar Pradesh government has decided to impose an additional tax (AT) up to one per cent on a number of commodities from June. 1,2009.
As per the notification, 0.5 per cent AT will be imposed in all the commodities covered in the second schedule of the VAT, on which 4 per cent VAT is being charged by the state government. Similarly, one per cent AT will be imposed on non-categories commodities covered in schedule five, on which 12.5 per cent VAT (Value Added Tax) is being charged by the state government.
Solution By Us:
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