Amendment status not verified — confirm the current text below against the official source.
(1) Subject to the other provisions of this Act. every dealer liable to pay tax earlier under the Nagaland Sales Tax Act, 1967, shall with effect from the appointed day for the purpose of this section, he liable to pay tax on his turnover of purchases at such rate as may be specified in the schedule. Provided that the State Government may by notification in the Official Gazette add, or amend any entry in the schedule and notify different rates when so requires; and thereupon the said schedule shall he deemed to he amended accordingly. Provided further that the rate of tax on any class or classes of goods shall not exceed fifty per-centum. (2) For the purpose of this section “Taxable turnover” means the gross value of taxable goods purchased during the year as reduced by (i) The turnover during such year of goods which is shown to the satisfaction of the assessing officer to have been subjected to tax in the State (ii) Such other amounts as may be prescribed (iii) From the resultant balance the amount arrived at by applying the following formula- Rate of tax X Resultant balance after deduction as mentioned above 100 + Rate of Tax Explanation: Where the taxable turnover of a dealer is taxable at different rates the aforesaid formula shall be applied separately in respect of each such part of the turnover. (3) Incidence-the tax under sub-section (1) shall be levied at the point of last purchase of the taxable goods in the State by a dealer Provided that when the tax has been levied under this Act in respect of the purchase within the state of any declared goods and such goods are sold in the course of inter-state trade or commerce the tax so levied shall be refunded to such person in such manner and subject to such conditions as may he prescribed; Provided further that where any dealer claims that any purchase of taxable goods by him is not the last purchase of the goods in the State the burden of proof of the same shall he on the dealer. Registration :