17 Calculation of tax on taxable turnover

17. Calculation of tax on taxable turnover.

(1)A taxable person and a casual trader shall calculate tax payable on taxable turnover in accordance with the rates of tax specified in the Schedules.

(2)A registered person shall calculate tax payable on taxable turnover in accordance with the rate of tax as specified in the notification, issued u/s 9.

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