Amendment status not verified — confirm the current text below against the official source.
Mandatory and voluntary registration (1) Mandatory registration: Every dealer is required to apply for registration and to be registered under this Act if: (a) the dealer’s turnover in the year preceding the commencement of this Act exceeded the taxable quantum; or (b) the dealer’s turnover in the current year exceeds the taxable quantum; Provided that a dealer dealing exclusively in goods mentioned in First Schedule shall not be required to register. (2) Taxable Quantum: For the purposes of this Act, “taxable quantum” of a dealer is such amount, not exceeding Rupees five lakh, as may be prescribed. Explanation:- For the purpose of computation of taxable quantum, the turnover of sales effected by a dealer shall be taken into account irrespective of whether such sales are taxable under this Act or not or occur inside Arunachal Pradesh. (3) The taxable quantum of a dealer shall not include turnover from: . (a) sales of capital assets; (b) sales made in the course of winding up the dealer’s activities; and (c) sales made as part of the permanent diminution of the dealer’s activities. (4) Voluntary registration: Any person who is not required by sub-section (1) to be registered but who: (a) is a dealer; or (b) intends from a particular date to undertake activities which would make him a dealer, may apply for registration.