Amendment status not verified — confirm the current text below against the official source.
In Section 30 of the Principal Act- For the first proviso to sub-section (1 ), the following shall be substituted, namely:- "Provided that no appeal shall be entertained by the said authority unless he is satisfied that the amount of tax assessed or the penalty levied, if not otherwise directed by him, has been paid ;" • .. - .w ... .. 3 - Ic.sertto5n of 7 .. After Section 52 of the Principal Act, the following shall new ec- b . d S . 52A 1 tion 52A in e mserte as ect10n , name y :- the Principal "52A. Notwithstanding anything contained in the Principal Act. Act, where a tax has been levied in respect of the sale inside the Repeal. . ~aving. State of any declared goods and such goods are sol<l in the course of inter-State trade or commerce, the tax so levied shall be re- funded." 8~ After Section 53 of the Principal Act, the following new Sections 54 and 55 shall be inserted, namely:- ''54. The Assam Sales Tax (Amendment) Ordinance, 1957 is hereby repealed." "55. Notwithstanding the repeal of the Ordinance:- (1) The State Government shaH continue to levy tax at the same rate and in the same manner as under the Principal Act on the sales of the stocks of those goods which were exempted from tax in consequences of the amendment of item No.8 of Schedule I of the Principal Act by Section 2 of the Ordinance and insertion of items Nos.45 and 47 in Schedule III of the Principal Act by Secti9n 3 of the Ordinance and in respect of which no additional Excise duties have been paid and for that purpose Sections 2 and 3 of the Ordinance shall be deemed to have never been enacted ; Provided that no such tax shall be levied on sales of such stocks effected after 31st March 1958. (2) The Commissioner may, on application by any registered dealer, permit such dealer to pay in lieu of the tax to be levied on sales of such stock of goods as referred to in sub.section (1) above, a lump sum by way of composition to be calculated in any one of the ways mentioned below at the option of the dealer:- (a) An amount calculated at the rates specified in Schedule II of the Principal Act as they existed immediately before the Ordinance came into effect, on the cost price of the stock, or (b) Thirty per cent of the tax assessed on the dealer for the period from the 1st October, 1956 to 31st March, 1957 on the total turnover of such goods. Provided that where the value of such goods in stock is less than 30 per cent of the total turnover of such goods made by the dealer during the aforesaid period the Commissioner may fix any lower sum as the amount payable under this clause. (c) If the dealer does not pay into the treasury the full amount of the composition money payable by him within one month from the date of determination, the tax shall be levied in accordance with the provisions of sub-section (1) above.'! I~ 4 Substitution