Amendment status not verified — confirm the current text below against the official source.
After section 31 ofthe Principal Act, the following section shall be inserted, namely:— (1) for sub-sections (1) and (2), the following sub-sections shall be substituted, namely:— ’ (2) A registered Person paying tax under the provisions of. section 10, shall, for each financial year or part thereof, furnish 4 return, electronically, of-turnover in the State, inward supplies ofgoods or services or both, tax payable,tax paid and such other particulars in such form and manner, and within such time, as may be Prescribed.”’; . : 18 of2016 Facility of - digital payment to recipient. Amendment of section 44. Amendment of section 49. Amendmentof section 50 -5- (2) for sub-section m, the following sub-section shall be substituted, namely:— “(7) Every registered person who is required to furnish a return under sub-section (1), other than the person referred to in the proviso thereto, or sub-section (3) orsub-section (5), shall pay to the Governmentthe tax due as per such return not laterthan the last date on which he is required to furnish such return: Provided that every registered person furnishing return under the proviso to sub-section (1) shall pay to the Government, the tax due taking into account inward and outward supplies of goods or services orbath, inputtaxcreditavailed, taxpayable and suchother partiqulars during a month, in such form and manner, and within suchtime, as maybe prescribed: rovided further that every registered person furnishing return t sub section (2):shall pay to the Government, the tax due into accountturnover in the State, inward supplies ofgoods ices or both, tax payable, and such other particulars during @ quarter, in Sueh form aad manner, and within such time, as may be prescril