Amendment status not verified — confirm the current text below against the official source.
Section 14A was inserted by Guj. 6 of 2006, s.13. Guj.1 of 1970. Guj. 1 of 1970. Compasition of tax on works contract Gujarat Value Added Tax Act, 2003. [2005 : Guj. nature of the goods involved in the execution of the total value of the works contract. (2) The provisions of sub-sections (3) and (4) of section 14 shall apply mutatis mutandis to a dealer who is permitted under sub- section (1) to pay lump sum tax by way of composition. (3) Where any dealer has opted for composition of tax under the earlier law and commenced the work in pursuance of any specified works contract prior to the appointed day and such work is not completed before the appointed day, such dealer shall pay the tax for the remaining work in accordance with the provisions of this Act.] 67[14B. (1) Notwithstanding anything contained in this Act, the Commissioner may, in such circumstances and subject to such conditions as may be prescribed, permit a Commission Agent engaged in the business of agricultural produce, to pay at his option in lieu of the amout of tax leviable from him under this Act, lump sum tax by way of composition at such rate as may be fixed by the State Government by notification in the Official Gazette. (2) The permission to pay lump sum tax under sub-section (1) shall be granted by the Commissioner to a Commission Agent who,- (a) exclusively carries on a business of agricultural produce, and (b) is licensed as general Commission Agent with a market committee established under the Gujarat Agricultural Produce Markets Act, 1963. (3) The Commissioner shall not grant permission to pay lump sum tax under sub-section (1) to a Commission Agent who,- (a) sells the goods in the course of inter-State trade and commerce or exports goods out of the territory of India, (b) purchases the goods in the course of inter-State trade and commerce or imports goods from a place out of the territory of India, (c) dispatches the goods to his branch or his consigning agent out side the State or receives the goods from his branch situated out side the State or from his consigning agent out side the State, (d) sells the goods to a person who is not a registered dealer, or (e) sells the goods to a dealer who is permitted to pay lump sum tax under section 14.