Amendment status not verified — confirm the current text below against the official source.
Amendment ol 12. Amendment ot 13 Amendment ol 14. lnsertion oi i5. 2SA (1) (2) (r) (2) (3) The Stale Government rnay, by nolification, addto, amendoralterany of lhe ltems and the rates ol tax ln the Sched!le to this Act." in the said Act, in section 25, in sub-seclion (3), the foLlowlng Provlsos shall be inserted, namery:- 'Provdedthatthe dealershalllurnlsh priol inlo rrn alion \ /ith deta ls,lolhe prescribed aLlthorlly, ol the goods being relurned or disposed of oihefl!ise than by sa e tot reasons oi reiection or ior any olher teasons: Provlded tudher thal du y providlng an opportunily oi belng heard the prescribed authorily shall irnpose on the dealer a penalty oi a sum not exceeding fitty percentum of the value ol the goods clairned as returned or rejected or disposed ol olherw se than sales, lor failure 1o furnish p or informailon as required by first Prov so to this sub_section " ln the sald Act. in section 29,_ in sub"seclion (1), for the words "less than five thousand rupees and nol exceedlng ten tholrsand rupees ior each rnonih oi deiault" the words, "exceeding five hundred rupees per day ol delault." shall be substltr.rted; in sub-seation (2), alter the firsi proviso, the iollow ng proviso shall be lnserted, namely:' "Provided further that il lhe dealer tails to pay the pena ty within the time prescrlbed in sub-secton (2) or first Provso thereof, th€ prescribed aulhorlty may, aitel provid ng an opporlunity ol being heard, pass an order to clos--downlhe business ofthe defautler till the pena ty is pald, andthe llcensing authorlly empowered under any other law lor the t rne being in iorce, f;ny, shallsuspend lhelrade llcense till ihe order remains in iorce " ln the said Aci, a11er section 29, the lo low ng new section shall be inserted, namely:- "29A. Exemption from registration to certain class of contractor involved in execution of works contract- Notwilhstanding anylhing conlained ln seclion 26 and other provislolis laid dcwn in thls Chaptel or anything contrary to this Act' a contractoT nvolved in execlltion ol works coniract ihe gross contractLla value oi whlch does not exceed such amounl as may be specilied by the Government by noliiication, sha I not be required to reglster himsel{ and file the returns under ihe Act I Provided thai any conlractol intendiag to opt ior registration shall noi be barred to register h msell under the Act Any conlractol exempted under sub-section (1) sha I n01 be entitled t0 lmport goods irom outside the state oi sikklm, "!hether such goods are purchased or otherwise, fol use in ihe works conlracl : Provided thal a totaltax llable to be paid on the va ue of the goods and a pena ty not exceeding equ va enl to doubLe lhe tax but not less than one ha i oi such lax shail be imposed agalnst breach ot the provlsion oi lhis sub'section. The State Govemment may fiorn llme lo time, by notlficalion, prescribe the rate of tax payab e by slch class of conlractors who are exempted irom registrailon Lrnder slb_section (1), and the deducting or paying authoflit shall deduct such tax at s0urce flom the bils payable 1o sucl'r 4 i (4) No person or any aulhorily sha award \,1orks contTacl lo anv contractor erenpLed rron .egistrat.on L-de. this SeCl on urless no oo ection cen ficate 'j p'oouced, oe'ore sJc,1 person o. a.rrorly, ss-eo oy rre concerr eo prescrlbed authority on production of prooi ol payments oi tax and necessary verilcalions as to the works contract executed previously, t any.' T6. ln ihe said Acl, in section 30,- (a) in sub-section (4),- alterthe words and iigures,,by section 16,'and before ihe words "lo pay tax", the words and ligures,,or sectio| 17,'i shalt be nsertedi (b) ln sub-seciion (9 ),' (i) ln c ause (a),. lor the words "according to the return on or belore the end" , the words, "ior each rnonth on or belore the filteenlh day,,shall be substituted ; (il) in clause (b),' forthewords'quarteryiurnover, on or before the end of the month fo ow no tr e oua(er lo rn ca it re a.es', l-6,\o'os, "morl. ytJrrorer, on or.belor; the jilteenth day olthetoLtowlng monih, sha be substituled_ '7. ']. the sa,d Ac n secr on 38,- 0 in sub-section (1), atterthe words andthe punctuation mark,correctand comp ete," and before the words ,the prescribed authority',, the folowjn! words and punctuaiion mark sha I be inseded, llamely:- "or ii no tax s paid or f the tax is not lulty pa d in respect oi any penod,,,i (ii) after sub-section (4), the ro owing sub-sect on shat be lnserted, namety:- "(4A). ll any assessing authority discovers in the returns or books of accounts or any Statement ol business Of any dea er that in such returns or books oi accounis or statement non-taxable cornponent is included, which is nol shown separately ior bejng unascertainable in nature, the assessrnE althoriiy rnay, afterverlf cation and assigning the reason thereoi in writjnq, determine the taxabte turnover component as he just ties as reasonab e, for the purpose of evy ol tax." 1€. lnlhesadAct, n sub-section (3) oi seciion 39, ihe lollowing provisoshall be insei(ed, namely:- 'P_ovideo t alior.Lsl and sL'rciert reasons ro oe recoJded i. r.rtrl.g. the Commissionermayorderiordetaiedaudlolanydealerordeaersaltera period of twenty four monlhs, but not ater than sx years in any case, from the due date relerred to above".