(1) Every taxable dealer including a dealer from whom any amount of tax has been
deducted at source under section 34, shall, for such tax period and within such
time, as may be prescribed, submit tax return of his self assessed turnover and
tax, in such form and verified in such manner as may be prescribed, but the
assessing authority may in its discretion and for reasons to be recorded, extend
the date for submission of the return by any dealer or class of dealers:
Provided that every taxable dealer, including a dealer who claims
input tax credit, shall also submit along with tax return a list of-
(i) purchases of goods made from registered dealer in respect of which the
dealer has received tax invoices;
(ii) sales of goods made to registered dealers in respect of which the dealer
has issued tax invoices; and
(iii) sale made to dealers to whom sale invoices have been issued in the
names of such dealers,
containing such particulars as may be prescribed:
(2) Before submitting the tax return under sub-section (1), the dealer shall, in the
manner prescribed, deposit the net amount of tax payable shown in such tax
return alongwith amount, if any, realized in excess of amount of tax due under
this Act from purchasers of goods during the tax period.
(3) Every person or dealer to whom provisions of section 34 apply, shall, in respect
of dealers from whom any amount of tax has been deducted, submit such
statement within such time as may be prescribed.
(4) Where as a consequence of the date for the submission of return being extended
under sub-section (1) on the application of the dealer, the deposit of tax under
sub-section (2) is deferred, there shall be payable simple interest at the rate of
one and quarter percent per men sum on such deposit for the period
commencing on the last date prescribed for submission of the tax return and
ending with the date of deposit of such amount.
(5) If any dealer discovers any omission or other error in any tax return submitted
by him, he may, at any time before the expiry of the time prescribed for
submitting the next tax return, submit a revised tax return. If the revised tax
return shows a greater amount of tax to be due than was shown in the original
return, the dealer shall also deposit separately the difference of tax due and the
interest payable under sub-section (4) as if the time for submitting the original
tax return had been extended on the application of the dealer to the date of
submission of the revised tax return. If, the revised tax return shows lesser
amount of tax to be due than was shown in the original tax return the dealer
may adjust the excess amount towards the tax due for the subsequent tax
periods.
(6) If goods sold by a dealer are returned to him by the purchaser within six months
of the date of sale, and assessment of the selling dealer for the year to which
such sale relates is as yet to be made, the selling dealer, and where goods
purchased by a dealer are returned to the seller within six months of the date of
purchase, and assessment of the purchasing dealer for the year to which such
purchase relates is as yet to be made, the purchasing dealer, may, within thirty
days of the expiry of the month in which such goods are returned, submit for
that purpose only a revised return for the tax period during which such sale or
purchase, as the case may be, was made.
(7) Every taxable dealer, including a dealer who has carried on business
during part of an assessment year, shall, for such assessment year or for
part thereof as the case may be, submit Annexures of Consolidated Details
within such time and in such form and manner as may be prescribed.
Explanation:- For the purposes of this Act the words Annexures
of Consolidated Details shall mean the Annexures containing the details
of purchases and sales and computation of liability of tax in respect of such
purchases and sales as admitted by the dealer for the related assessment
year and shall also embody the details of input tax credit claimed by the
dealer and amount deposited as tax by and on behalf of such dealer during the corresponding assessment year and such other particulars as may be
prescribed.
(8) Every person to whom provisions of section 34 apply, shall, for each
assessment year, in respect of a dealer from whom amount of tax has been
deducted, submit such details, in such form and manner and within such time as
may be prescribed.
(9) Every person transporting any goods by any public service motor vehicle or by
any vessel and every forwarding agent shall submit to the assessing authority of
the area from which the goods are dispatched such information and documents,
(w.e.f.01.01.2008)as may be prescribed of all goods transported or forwarded
by him. The assessing authority concerned shall have the power to call for and
examine the books of account or other documents in the possession of such
transporter or agent with a view to verifying the correctness of the information
and documents(w.e.f.01.01.2008) submitted and the transporter and agent shall
be bound to furnish the books of account or other documents when so called
for.
Advertisement