Abdul Latif
(Querist) 27 April 2013
This query is : Resolved
Dear Sir,
As per the Article 25(a) of Schedule -I of the Bombay Stamp Act astamp duty on Conveyance of Movable proeprty is Rs 15 for every Rs.500 or part of it.
As movable property includes goods, furniture etc .So if we buy furniture or goods from the shop, the shop owner should also charge Stamp Duty but it charge only VAT. Why? Why Stamp Duty is not charged when we purchase furniture or goods from the shop? Is Furniture, Fixture or even car is not moveable property. Please explain i am little bit confused.
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