Amendment status not verified — confirm the current text below against the official source.
(1) If upon information which has come into his possession, the Commissioner is satisfied that any dealer, who has been liable to pay tax under this Act in respect of any period but has failed to get himself registered or has not been registered, the Commissioner shall proceed in such manner as may be prescribed to assess to the best of his judgement the amount of tax due from the dealer in respect of such period and all subsequent periods and, in making such assessment, shall give the dealer a reasonable opportunity of being heard and after making such assessment, the Commissioner shall issue to the dealer a notice in the prescribed form directing him to pay the amount of tax found to be due upon such assessment in such manner as may be prescribed. (2) A casual dealer liable to pay tax under section 15 shall, within ten days from the date of sale or purchase, submit a statement in writing giving his permanent residential address and particulars of such sale or purchase along with receipted copy of chall an as proof for payment of tax for such sale or purchase to the Commissioner and if on examination of the statement and documents submitted by the casual dealer, it is found that he is liable to make payment of any residual amount of tax, the casual dealer shall be asked to pay such residual amount of tax and a penalty not exceeding two hundred times but not less than one hundred times the amount of such residual amount of tax payable within the specified date mentioned in the notice in such form as may be prescribed.