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Question
What is octroi duty?
What is octroi duty?
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Solution
Octroi duty is the tax levied by local or state governments on certain categories of goods as they enter the area. It is a charge for allowing transit of good through the jurisdiction. As of 1 July 2017, with the introduction of GST country-wide, the octroi has been abolished.
Octroi duty is the tax levied by local or state governments on certain categories of goods as they enter the area. It is a charge for allowing transit of good through the jurisdiction. As of 1 July 2017, with the introduction of GST country-wide, the octroi has been abolished.
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