Amendment status not verified — confirm the current text below against the official source.
Tax clearance certificate — (1) Notwithstanding paything contained in any other law for the ime being in force, no person where the consideration for right to use oodsesceeds our lakh rupees ina year, shall enterintoa (eanzaction with any other person for transfer of right 10 use goods afer the appointed day and if.entered cartier. shall not contimic sich transaction and shall not make parmicni to the dealer in sespect of transfer of right to use goods. nviess the Commissioner certifies in Lhe prescribed manner thal such dealer— : 2 (a) lhns no liability to pay’ tas, interest, penaly or any Amount due or has not defaulted in furnishing. ‘any rolurit or returns together with the receipied chatlan or chailans shawing payment of afl tax. pavable under this Act: - (b) tas vot defyntied in making payment of tax otherwise payzible by or due from hin. under this Acts (@) lias made satistaclory provision of securing tie paynient of tnx by {teaishing bank guarantee in favour of the Commissioner or othensvise. as the case may be: : {@) has made no undertaking for getting himsel€ registered as dealer observing end complying with the provisions ofthis Act. ifthe dealer has started the business of transfer of right.to.us¢ goods for the first Gime in Dells, . ee (2) Shere on application made by a dealer in Ute prescribed form. ifthe Commissioner. aller making such inquiry as he deems fitand proper. is satisfied nnd issues a centifiente in the greseribed form to she effect (hal sitch dealer is nol liable to pay tax under section} or Hathehas, pid tnx payable by. or duc from binw uiadec that scetion. oF bas undertaken to register himself and to comply with the provisions of this Act and the rule framed thereunder. a sale agreentent may be-entered and payment ma; nolwitlistanding anything contained in such-scetion (1), be matic to such dealer for transfer of right to use goods ” referred to in section 1 on production by him of such’ certificate of the Commissioner.