Amendment status not verified — confirm the current text below against the official source.
When the business or stock of a :registered payable by dealer passes on to any person or persons, whether transferee. by sale, inheritance, gift, possessions or otherwise, th e liability to pay any tax payable in respect of any purchase of taxable goods a nd remaining unpaid at th e time of such passing on shall be jointly and severally on the dealer and such person or persons and such person or persons shall, within 30 days of such passing on, apply for registration under section 5. Assessment 16.(1 ) Not withstanding an ything contained in this of dealers Act, if it appea rs to th e Com missioner during any likely to Current return period tha t any dealer is likely to transfer as- h 11 f d' f herwi ets to a id c ange, se , trans er, ispose 0 or ot erwise part ~ax . V OL with any of his assets with a view to avoiding pay- ment of any liability under the pro visions of this Act the purchases of taxable goods of such dealer for the period from the expiry of the pr evious re turn period to the da te when the Commissioner commences pro. ceed ings under this secti on shall be cha rgeable to lax in that period, Lia bility Agen t non-resie d ents. of (2) For thc purpose of making an assessment under sub-sect ion (1), the Gom missioner rna} serve a n otice upon such dealer requiring him to furnish, wit hin such period as may be specified in the no tice, a return in the ma nner and forrn in which a re turn under section 7 is furnshed. of