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9 : Levy of tax M.P. ACT

CHAPTER - IV

Levy of tax

9 : Levy of tax

(1) There shall be levied on goods specified in Schedule II, a tax at the rate mentioned in

the corresponding entry in column (3) thereof and such tax shall be levied on the taxable

turnover of a dealer liable to pay tax under this Act.2

(2) Notwithstanding anything to the contrary contained in this Act, no tax shall be levied on

goods specified in Schedule II, if the goods are sold by any one of the oil companies, as may

be notified, to any one of the notified oil companies. [from 10.8.10]

6 [Notwithstanding anything contained in this Act, no tax shall be levied on goods specified in

Schedule II, if the goods are sold by any one of the public sector oil companies, that is Indian

Oil Corporation Limited, Hindustan Petroleum Corporation Limited, Bharat Petroleum

Corporation Limited and Indo-Burma Petroleum Company Limited, to any one of the said oil

companies.] [upto 9.8.10]

(3) Notwithstanding anything to the contrary contained in this Act, no tax shall be levied on

such goods as may be notified by the State Government, subject to such restrictions and

conditions as may be specified in the notification, if the goods are sold by a joint venture

company to its holding company. [from 10.8.10]

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GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

Goods & Service Tax

Our core competence is statutory compliance, advisory, corporate tax planning and appellate matters of direct and indirect taxesandcorporate training sessions on GST.

The senior partner of the firm has to his credit several professional publications viz., Delhi Sales Tax Right to Use Goods Act, Delhi VAT, Maharashtra VAT, West Bengal VAT, Haryana VAT published by Taxmann. Madhya Pradesh VAT and Chhattisgarh VAT were published by Suvidha Law House, Bhopal. He has also addressed seminars on indirect taxes organized by professional bodies like ICAI, IMA, NIFM etc. and has also contributed articles on subjects of pro. . . . .