Subject: Reduction of Payment of sales tax for financial year due to tax holiday
We are writing from Beauty Products Manufacturing Co Ltd with regard to the payment of sales tax for the current financial year. We have calculated the sales tax at the rate of 8% of the total sales instead of the 10% assigned to the category of products manufactured by our company. The lesser valuation of sales tax is due to the tax holiday requested by our company for a period of three years and we are submitting the sales for the second year. The communication made with your department and the approval for the same is being enclosed for your information.
We are also enclosing documents pertaining to the sales and manufacturing invoices which have been certified by our company auditors for this financial year. We request you to kindly make note of the reduction in the sales tax slab for our company in your records. We are enclosing a cheque for the payment of sales tax calculated accordingly along with this letter.
Beauty Products Manufacturing Co Ltd.
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