Amendment status not verified — confirm the current text below against the official source.
Dealer who is a brick -kiln owner or a Halwaii or a liquor licensee under the Punjab Excise Act, 1914(1 of 1914), or who deals in minerals, lottery tickets or such other goods as may be prescribed S. Any other class or classes of dealers Nil On and from the day he makes such sale or purchase for the first time Nil On and from the day he imports any goods into State for the first time Nil On and from the day he makes purchaseof such goods in the State for the first time Nil One lakh rupees or such other sum as may be prescribedand different sums including nil may be prescribed for different classes of dealers On and from the day his gross turnover in any year first exceeds the taxable quantum On and from the day fonowingthe day his gross turnover in any year first exceedsthe taxable quantum • • • • Provided that this sub -section shall not apply to a dealer who deals exclusively in exempted goods. Note —Where a dealer is covered under more than one of the class or classe s mentioned in the Table above, the liability to pay tax shall commence from tl ae earliest day he becomes liable to tax. 78 HARYANA GOVT. GAZ. (EXTRA.). MARCH 28, 2003 ((MIR. 7, 1925 SAKAI (3) If a dealer liable to pay tax under sub -section (1 ) or sub -section (21 purchases any taxable goods in the State from any source in the circumstances that no tax is levied or paid under this Act on their sale to him and he either exports them out of State or uses or disposes them of in the circumstances in which no tax is payable under this Act or the Central Act by him to the State on them or the good s ma nuf actu red ther etro m, t hen. he s hal l, s ub ject t o the p rovis i ons of sub -section (4), be liable to pay tax on the purchase thereof: Provided that where s uch goo ds (except thos e s pecified in Schedule F) or the goods manufactured therefrom are sold in the course of export of the goods out of the territory of India, no tax shall be levied on their purchase: Provided further that where the goods purchas ed are us ed or dis pos ed of partly in the circums tances mentioned in the foregoing provisions of this sub -s ection and partly otherwise, the tax leviable on such goods shall be computed pro rata. (4) The tax levied under sub -sections ( I ), (2) and (3) shall be calculated on the taxable turnover, determined in accordance with the provisions of section 6, at the rates of tax applicable under s ection 7, and where the taxable turnover is taxable at different rates of tax, the rate of tax shall be applied separately in respect of each part of the taxable turnover liable to a different rate of tax. (5) If the tax calculated under sub -section (4) is more than the input tax, determined in accordance with the provis ions of s ection 8. the difference of the two shall be the tax payable; and if the input tax is more than the tax calculated, the excess amount shall be either refundable or adjustable with future tax liability in accordance with the provisions of section 20; but if the input tax is a negative value on account of reversal of input tax under the second proviso to sub -section (n of s ection 8, the abs olute value thereof s hall be added to the tax calculated under sub -section (4) and the resultant amount shall he the tax payable. Illustration - Serial Tax calculated under Input tax Tax Refundable! No. sub -section (4) payable Adjus table I. Rs 100 Rs. 50 Rs. 50 Nil