Amendment status not verified — confirm the current text below against the official source.
In the Kerala General Sales Tax Act, 1963 (15 of 1963),-- (1) for section 7, the following section shall be substituted, namely:-- "7. Payment of tax at compounded rates.-- Notwithstanding anything contained in sub-section (2) of section 5, any bar attached hotel, not being a star hotel of and above four star hotel, heritage hotel or club, may, at its option, instead of paying turnover tax on foreign liquor in accordance with the said sub-section, pay turnover tax on the turnover of foreign liquor calculated at the rates in clauses (a) or (b) of items (i) and (ii), respectively, whichever is higher,-- (i) in respect of a bar attached hotel of and below two star, (a) at one hundred and forty per cent of the purchase value of such liquor, in the case of those situated within the area of a municipal corporation or a municipal council or a cantonment, and at one hundred and thirty five per cent of the purchase value of such liquor, in the case of those situated in any other place; or (b) at one hundred and fifteen per cent of the highest turnover tax payable by it as conceded in the return or accounts or the turnover tax paid for any of the previous consecutive three years; and (ii) in respect of a bar attached hotel of three stars, (a) at one hundred and eighty per cent of the purchase value of such liquor, in the case of those situated within the area of a municipal corporation or a municipal council or a cantonment, and at one hundred and seventy per cent of the purchase value of such liquor, in the case of those situated in any other place; or (b) at one hundred and twenty five per cent of the highest turnover tax payable by it as conceded in the return or accounts or the turnover tax paid for any of the previous consecutive three years."; (2) in section 17,-- (i) in sub-section (6), for the fourth proviso, the following proviso shall be substituted, namely:-- "Provided also that the assessment relating to the years upto and including the year 2004-05 pending as on 31st March, 2010 shall be completed on or before the 31st day of March, 2011: Provided further that in cases where any assessment completed under this Act has been reopened with the permission of the Commissioner, the time limit mentioned in section 19 shall not apply.". (ii) in sub-section (8)-- (a) for the first proviso, the following proviso shall be substituted, namely:-- "Provided that all such assessments or reassessments pending as on 31st March, 2010 shall be completed on or before 31st March, 2011."; (b) for the third proviso, the following proviso shall be substituted, namely:-- "Provided also that all such modified assessments or modified reassessments or remanded assessments pending as on 31st March, 2010 shall be completed on or before 31st March, 2011."; (3) in section 23B,-- (i) in sub-section (1), for the words "due under the Act", the words, figures and brackets "due under this Act or the Central Sales Tax Act, 1956 (Central Act 74 of 1956)" shall be substituted; (ii) in sub-section (3), for the figures, words and symbols "30th September, 2008 or on such date as may be notified by the Government.", the figures, words and symbols "31st December, 2010." shall be substituted; (iii) for sub-section (4), the following sub-section shall be substituted, namely:-- "(4) On receipt of an application under sub-section (3), the assessing authority shall verify the same and intimate the amount due to the assessee and thereupon the assessee shall remit the amount in lump sum or in three equal instalments on or before 31st December, 2010: Provided that notwithstanding anything contained in this section, where, (a) after the last date for filing option, the Government have notified a further date under sub-section (3); and (b) if an applicant had filed his option earlier and remitted at least one instalment, but had failed to remit the balance amount due and his earlier option was revoked by the assessing authority, on furnishing of a fresh option, the amount paid under the earlier option shall be treated as the amount paid under the subsequent option."; (4) in section 23BA,-- (i) in sub-section (1), for the words "due under the Act", the words, figures and brackets "due under this Act or the Central Sales Tax Act, 1956 (Central Act 74 of 1956)" shall be substituted; (ii) in sub-section (2), for the figures, words and symbols "30th September, 2009 or on such date as may be notified by the Government.", the figures, words and symbols "31st December, 2010." shall be substituted; (iii) for sub-section (3), the following sub-section shall be substituted, namely:-- "(3) On receipt of an application under sub-section (2), the assessing authority shall verify the same and intimate the amount due to the assessee and thereupon the assessee shall remit the amount in lump sum or in three equal instalments on or before 31st December, 2010: Provided that notwithstanding anything contained in this section, where, (a) after the last date for filing option, the Government have notified a further date under sub-section (3); and (b) if an applicant had filed his option earlier and remitted at least one instalment, but had failed to remit the balance amount due and his earlier option was revoked by the assessing authority, on furnishing of a fresh option, the amount paid under the earlier option shall be treated as the amount paid under the subsequent option."; (5) in the SCHEDULE, in serial number "2. Foreign Liquor",-- (i) in item "(i) Beer and wine," for the figure "60" under the heading "Rate of tax (per cent)," the figure "50" shall be substituted; (ii) in item "(ii) Other than Beer and wine," for the figure "90" under the heading "Rate of tax (per cent)," the figure "100" shall be substituted.