Amendment status not verified — confirm the current text below against the official source.
These words, figures and letters were substituted for the words and figures "Section 14" by Guj.25 of 2006, Part 1, s.7. 95 . These figures, letters and word were substituted for the figures letters and word "14 B or 14C” ibid, Part II, s.15. Periodical payment of tax and interest on non-payment of tax. Collection of tax only by registered dealers. Gujarat Value Added Tax Act, 2003. [2005 : Guj. (3) The tax collected and deposited under the provisions of this Act to which a dealer may be held not liable shall not be refunded to the dealer and the amount of such tax shall stand fore fitted to the Government. (4) If any person collects any amount by way of tax in contravention of the provisions of this Act, he shall be liable to pay, in addition to any tax payable, a penalty equal to the amount so collected.