Sales tax example sentences
The Chambers of Commerce and Industry play an important role in interacting with the government to harmonise the sales tax structure in different states.Goods meant for export purposes are not subject to sales tax.A rational structure of the sales tax and its uniform rates across states, are important for promoting a balance in trade.The sales tax is an important part of the state revenue.The format of the sales joournal is shown in figureure In the sales journal, one additional column may be added to record sales tax recovered from the customer and to be paid to the government within the stipulated time.As per the new policy of the government, the alue Added Tax is being levied in place of the sales tax to remove the cascading effect of the sales tax.
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