What was the rate of sales tax in Mauryan Administration?
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The sale of merchandise was strictly regulated by the state and a toll tax of one- fifth of the value of the commodity was levied. The percentages of profit to the merchants were fixed and excess profits went to the treasury. The amount consisted of 5 per cent on local commodities and 10 per cent on foreign produce.
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The sale of merchandise was strictly regulated by the state and a toll tax of one- fifth of the value of the commodity was levied. The percentages of profit to the merchants were fixed and excess profits went to the treasury. The amount consisted of 5 per cent on local commodities and 10 per cent on foreign produce.
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