Amendment status not verified — confirm the current text below against the official source.
Liability of dealer—-(1) Every dealer whose tumover of sales made durin, (a) the year ending on the 31st day of March, 2002 ©) the yearcomencing on the Ist day of April, 2002 shas exceeded or exceeds the limit of four lakh upecs shall, until such liability ceases under sub~ section (3), be liable to pay tax under this Aci on the turnover of sales ntade by him on or afer the appointed day: Provided that a dealer tc ‘hom clause (0) above, applies and whose tumiaver of sales, vexceeds the limit of four Jakh rupees after the appainted day shall riot be liable to pay tax in stespect of sales which take place upto the time when histumover of sales as computed from the 1s\day of April, 2004 first exceeds such mit. Q)Every dealer whose tumover of sales during any year commencing on che 1st day of April, being a year subsequent 16 the years mentioned in sub-section (1) first excetds the fimiLoffour lakh rupees shall, und such liability tases under sub-section (3}, be liable to pay (ax under this Act with effect fram the said dat : Provided that adediler shall nacbe linble to pay any’ tax in respect of such of te turnover of salesas takes place during te period commencing, ‘on the Ist day of April of the said year upto the time when lis tu mover of sales as computed from the Ist day of Apri of the said year first exceeds > thofimicot four lakh rapecs. G) Every dealer who becomes liable to pay tax under this Act and every dealer wlio has been registered under section 7 shall continue to be so linble ungil the expiry of three consecutive years during cach of which his lurnover has failed (9 excecd the limit of four lakh rupees and such further periad as may be prescribed os tntil lis registration ccriificate is duly caricelled, as the case may be, and upon ry of such period or upon such cancellation of his certificatcof registration, as the casc may be his liability 10 pay las om other than the lax already levied or leviable shall cease until his turnover of sates again exceeds the limit of fourlakh mpees: _ i Provided that wherethe dealer bocomes linble (o pay tox again in the same year in which he “cased to be Jinbleas aforesaid, then in respect of los which lake place during the peried commencing on the date of cessation of Hiability (otaxand ending on the day on which histumover of sales first exceeds such limit, no tax shall be payable, 6 Tacpayable by dealer —Subject to the provisions of this Act and the rules made thereunder, these shalt be paid by every dealer wito is liable to pay lax under this Act, the tax Ieviable in accordance with section 4 on the tmmover va in respect of the uansfer of the right lo-use any effected by him ™ : CHAPTER IL “REGISTRATION, RETURNS, PAYMENT OF TAX AND ACCOUNTS