Section 152 - Collection of Advance Tax from Cigarette Manufacturer
(1) The cigarette manufacturer shall pay advance tax at the rate of 3% (three percent) of the net sales price every month.
(2) The advance tax paid under sub-section (1) shall be adjusted against the quarterly installments of advance tax payable under section 155.
(3) In this section the expression “net sales” shall mean a-b, where-
a = gross sale, and
b = Value Added Tax and supplementary duty, if any, on the said gross sales.
Note: This is unofficial English translation. In the event of a conflict between the information on this website and the original Government publications or notifications of laws, rules, regulations, and SROs, the Government publications or notifications shall prevail. Moreover, as per Section 345(2) of the Income Tax Act 2023, if there is a conflict between the English and Bengali text, the Bengali text shall prevail.