Amendment status not verified — confirm the current text below against the official source.
(l ) Subiect to the provisions of sub- section (2), where the toxoble person is unoble to determine the volue of goods or services or both or determine the rote oftox opplicoble thereto, he moy Consumer Welfore Fund. Utilisotion of Fund. Seff- ossessment Provisionol ossess- ment. l9l requestthe proper officer in writing giving reosons for poyment of tox on o provisionol bosis ond the proper officer sholl poss on order, witfrin o period not loterthon ninety doys from the dote of receipt of such request, ollowing poyment ol tox on provisionol bosis ot such rote or on such volue os moy be specified by him. (2) The poyment of tox on provisionol bosis moy be ollowed, if the toxoble person executes o bond in such form os moy be prescribed, ond with such surety or security os the proper officer moy deem fit, binding the toxoble person for poyment of the difference between the omount of tox os moy be finolly ossessed ond the omount of tox provisionolly ossessed. (3) The proper officer sholl, within o period not exceeding six months from the dote of the communicotion of tre order issued under sub-section (l ), poss the finolossessment order ofter toking into occount such informotion os moy be required for linolizing the ossessment: Provided thot the period specified in this sub-section moy, on sufficient couse being shown ond for reosons to be recorded in writing, be extended by the Joint Commissioner or Additionol Commissioner for o furtlrer period not exceeding six months ond by the Commissioner for such further period not exceeding four yeors. (4) (s) 6r. 0) (2) 't94 The registered person sholl be lioble to poy interest on ony tox poyoble on the supply of goods or services or both under provisionol ossessment but not poid on the due dote specified under sub-section (7) of section 39 or the rules mode thereunder, ot the rote specified under sub- section (l ) of section 50, from the first doy ofter the due dote of poyment of tox in respect of the soid supply of goods or services or both till the dote of octuol poyment, whether such omount is poid before or ofter the issuonce of order for {inol ossessment. Where the registered person is entitled to o re{und consequent to the order of finol ossessment under sub-section (3), subiect to the provisions of sub-section (8) of section 54, interest sholl be poid on such refund os provided in section 56. The proper officer moy scrutinize the return ond reloted porticulors furnished by the registered person to verify the correctness of the return ond inJorm him of the discreponcies noticed, if ony, in such monner os moy be prescribed ond seek his explonqtion thereto. ln cose the explonotion is found occeptoble, the registered person sholl be informed occordingly ond no further oction sholl be token in this regord. Scrutiny of returns. (3)