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May 2009

Rate of tax on timber is 12.5% from 1st April 2009

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Nimesh Dedhia, Vijay Kewalramani
Chartered Accountants

Reading Time 1 mins

New Page 2

Part B : Indirect taxes

Rate of tax on timber is 12.5% from 1st April 2009 :

Trade Circular No. 13 T of 2009, dated 15.04.2009 :

With effect from 1.4.2009 the rate of tax on Timber shall be 12.5%.

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May 2009

Rate of tax on timber is 12.5% from 1st April 2009

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May 2009

Rate of tax on timber is 12.5% from 1st April 2009

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Extension of time for applying for declarations prior to 31/03/08

Settlement system under ACU Mechanism