After flour, the government imposed an advance and withholding tax on the sale of rice to be collected from distributors or sellers.
The tax will be collected from the manufacturer and commercial importer according to § 236-G, 236-H.
Under 236-G, one percent tax will be collected from distributors and dealers, while the tax will be collected from the manufacturer and commercial importer.
In the case of a non-filer, a tax advance of 2 percent will be charged. The tax will be charged to the buyer in addition to the quantity of the product sold.
The tax amount will be deposited in the income tax return.
According to Section 236-H, a tax deposit of 5 percent is required. In the case of non-submission of tax advances, a tax of 2.5 percent must be paid.
