Following the imposition of taxes on flour, the government has now implemented advance and withholding taxes on rice sales, to be collected from distributors or dealers.
Moreover, the taxes will be collected from manufacturers and commercial importers under Sections 236-G and 236-H.
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Under Section 236-G, a 1% tax will be collected from distributors and dealers by manufacturers and commercial importers. For non-filers, the advance tax will be 2%, charged to the buyer and the product’s sale price.
The income tax filer’s return file will include the tax amount. According to Section 236-H, a 5% advance tax must be deposited. Non-filers will need to pay a 2.5% advance tax
