Amendment status not verified — confirm the current text below against the official source.
Sub-section (5A) was inserted, ibid., s.15(3). Gujarat Value Added Tax Act, 2003. [2005 : Guj. (3) The dealer whose certificate of registration is suspended under sub-section (1) shall not be entitled to claim input tax credit during the period of suspension of registration.";] (6) Every person whose registration is cancelled under sub-section (5) shall pay in respect of every taxable goods held as stock on the date of cancellation an amount equal to the tax that would be payable in respect of the goods if the goods were sold at fair market price on that date or the total tax credit previously claimed in respect of such goods, whichever is higher. (7) If an order of 80[suspension or cancellation] passed under this section is set aside as a result of an appeal or other proceedings under this Act, the certificate of registration of the dealer shall be restored and he shall deemed to be treated as if his registration was not 81[suspended or cancelled.] (8) Every dealer who applies for cancellation of registration shall surrender with his application the certificate of registration granted to him and every dealer whose registration is cancelled otherwise than on the basis of his application shall surrender the certificate of registration within seven days from the date of communication to him of the order of cancellation: Provided that if a dealer is unable to surrender the certificate of registration on account of loss, destruction or defacement of such certificate, such dealer shall intimate the registering authority accordingly within seven days from the date of communication of order of cancellation of registration. (9) If a dealer – (a) fails without sufficient cause to comply with the provisions of sub- section (2); or (b) fails to surrender his certificate of registration as provided in sub-sec- tion (8), the Commissioner may, by an order in writing and after giving the dealer an opportunity of being heard, direct that the dealer shall pay, by way of penalty, a sum equal to rupees one hundred for every day of default. (10) 82[Suspension or cancellation] of a certificate of registration shall not affect the liability of any dealer to pay tax, penalty or interest due for any period till the date of such 3[Suspension or cancellation] and which has remained unpaid or is assessed thereafter. (11) The Commissioner shall publish in the manner as may be prescribed the particulars of dealers whose certificate of registration has been 83[suspended or cancelled] under the provisions of this Act.