Amendment status not verified — confirm the current text below against the official source.
Levy of tax. — There shall be levied a taxon ihe over of sales under this Act at the rate of four paise in ae : = Provided that np such (ax shall be'levied if the uraover of salesiof d dealer is Tess than four lakh rupees during Ute year * Provitted furtlicr that no taxshall be levied under this Act on.tlic turnover of sales made in the course of export of the goods out of the tefritory of Indin or in the cdurse of import of he goods into the territory of India or in the course of interstai¢ trade or Commerce or outside the State/Unian territory : Pravidied also that : where in respect ofany, goods or class of goods the Covernmiem is of the ‘opinon that it is expedient in the public interest 50 10 do, it may. by notification in the official gizolte. direct thal the tnx in respect oF such goods or class of goods shall. subject to such conditions as nay be specificd;.be.lovied it such modified rato not exccedinig the rate applicable under this section, as maybe specified in the notification = Provided also Ghat where fn respect of any’ yoods'or class of goods the Government ieof the ‘opinon thal it is expedient in tlic publi¢ Interest so to do. it nay, by- notification. in the official gavotte, direct that nb tax shill be payable undor this Act in respect-of ‘such goods or class ‘of * yoods, subject'to such restrictions and conditions CP Dilee-3 13 4s may be specified in the notifiction.