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2012 (7) TMI 1164 - HC - VAT and Sales TaxExtract: .......e tax net, the Assessing Officer has imposed only 0.5%; and 12.5% tax under Section 6(1) has been imposed for the turnover exceeding the limit prescribed under Section 6(5). We are definite in our mind that this is not what the Act postulates. On a reading of the provisions of the Act, it would reveal that this is not what the legislature intended.
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