Amendment status not verified — confirm the current text below against the official source.
Levy of tax on transfer of property in goods involved in the execution of Works Contract'- ( 1 ) Ilvery cleaLer shall pay for each year, a tax under this Act on his taxable tumover for h-ansfer of ' propefiy in goods (whetheras goods or in someotherfom) involved in theexecution of \r,orks contracl detemlined at the utes specified for the same goods in the Schedules mentioned .i.ecrion l2: Provided lhat all amounts towards labour charges and other like charges nolinvolving any ransfer of pr operty of goods actually inculed in connection with the execulion of works conkact, shall be allowed to be deducled flom $oss turnover olsuch dealer in detennining his taxable filmover (2) Where the doaler pr oves to the satisfaction of the prescribed autho ty that rax on the tumover oigoods supplied by him in tho cor.ll sc ofexecution ofworks contract, has been paid by his sub contractor, the dealer shal1 not be liable to pay tax again on the tumover of such goods ' (3) Wh e1c a sub con ttactor proves to the satisfaction of the prescribed authority that the tax Ieviable under sub-section (l) has, actually been pajd by the dealer (his principal conracior) on the tumover ofgoods supplied to him by the deale' in the coul se ofexeculion ofworks confact the sub-contmctor shall notbeliable to Pay lax again on lhe tumover ofsuch goods 13 G s F" fl g i i (4) A dealer shall pay foreach year, a tax under this Act on his taxable turnover in respect ofthe dght to useany goods (whether or not fot a specitied period) at the lates specitied in the Schedules undersection 12 for the samegoods had they been sold otherwise than by the rcniler oflhe right lo use fiem: Provided lufther ifthe transfer of the riSht to use any goods is made by a dealeron morc than oneoccasion in ayearto the same or differeflt party, the tax shall beleviab]e on each such occasion' Explanatio[ L- For the puposes of this section, the transfer ofproperty in goods or lransfer ofdght to use any goods for any purpose (whether or not for a specified period) shal1 be deemed to have taken p lace in silikim if the goods transfened are within the state at the time oflheil sansler or use application oI appropriation for the execr]tion ofworks contract, inespective olthe place where the agreement for the works contact is made and whether the consent ofthe othel pafiy, priol or subsequent to such use, application or appropriation has been obtained or oot' Explanation II.- The levy of tax under this section shall be made whether the works rontrrrt is executed fully or partly during a year or abandoned or terminated befoE completion (5) Every person making any payment to contractors executing the works contract shail deducl such amountinthe form and manner as maybeprescribed as the tax deducted at sourceat two per cent or not exceeding eight per cent of the said amount' as the state Govemmentmay bY noiifi carion.detrrmine