Amendment status not verified — confirm the current text below against the official source.
(1) Notwithstanding anything contained in sub-section (2) or sub-section (4) of section 32, but subject to sub-section (2) of this section, the Commissioner may, in the prescribed manner and subject to such restrictions and conditions as may be prescribed, permit the output tax payable under this Act by a registered dealer or a class or classes of dealers as may be prescribed, according to his returns referred to in sub-section (1) of section 32 or the tax due from him according to a notice issued under sub-section (4) of section 32, to be deferred subject to the provisions of the rules made under this section. (2) Where the State Government considers it necessary so to do in the public interest, it may, after due consideration of certain factors as may be prescribed, relax the ceiling to such extent as may be prescribed.