Amendment status not verified — confirm the current text below against the official source.
(1) specil ed ln ScheduLe ll, lll, lVandVtothisAct heshalbelabletopay tax on the purchase oi such goods, t the goods are:- (a) used n the process of prodlrclng exempted goods (b) lsed in the prccess ol produclng taxabe goods and such goods ate disposed otl otherwise than by sale, (c) disposed o{l othenaise than by sale. (2) specltied in Schedule I to thjs Act, he shal be Llable 1o pay tax on the purchase ol such goods, Jthegoodsareused n the process oi producing taxable goods and the goods so produced are disposed o11 otherwlse than by sale: Provided thal such tax on purchases sha I be levied al lhe same rate at whlch such tax uader section 9 or 12 would have been levied on the sale oi s!ch goods with n the State on the date of such purchase." lf the said Act, in sub-seclion (5) oj secllon 13, tor the words "not exceeding eighl percent', the u/Ords "at sL.lCh percentum" shall be substiluted ln the said Aci, for clause (c ) oi sub-section (2) of section T 6, the following clause shall be substituted, namely:- "c) issue tax invoices ol the sa es made in the form and manner speciiied in secUon 55." n the said Act, sub-section (2) oi section 17 shall be omilted. ln lhe said Acl, in sub-section (2) ol section 18, Jor the words "not exceedlng ive hundred rupees per day oi default' appearing aiter the words "a penalty" and before lhe words "after affording", the fottow ng words shall be substituted, namelyi- '"'equivalent to 1wo percent oi the gross vaLue of the \,.rork awarded": Provided that this provislon shall be deemed to have come into iorce on the iirst day of Aprii, 2005." T0. ln the sad Act, in sub-section (5) oi secton 19, the Jollowlng Provso shal be lnserted, namelyr- "Provided lhat in such cases where the deducting authority remils to lhe credltofthe State Government the amounl deducted at source by cheque crdemand dralloranyolhers miLar lnstruments, such deduct ng aulhority may make the rernitlance wilhin a period of one month from the date of ih -" ded!ctions made ' ln the said Act, in sectlon 21, in c ause (e) of sub"seclion (1),- (i) tortheligure and word "4 percentum'whereverthey occ!r, the iig!re and word'2 percentum" shal be slbslituted, and (li) After the i rst Prov so, the iol owing Proviso shall be !nserted, namely,' 'Provided iurtherthaiihe State Governrnent may, by notil calion, revise the rate prescribed n this c ause as and when required due lo change oi provislons of any other lawlor the lime belng in Iorce." ln the said Act,lor the ex sling section 24 and the entries relaiing lherelo, the follow ng shall be substituted, namelyi- '24 Povr'er of the State Government to amend Schedule .