Rebate of Tax on Certain Purchases Or Sales

Rebate of tax on certain purchases or sales (1) Where the State Government is satisfied that it is expedient in the public interest so to do, it may by notification, and subject to such conditions and restrictions as may be specified therein, allow a rebate up to the full amount of tax levied on any specified point on,
(a) the sale or purchase of any goods, or (b) the sale or purchase of such goods, by such person or class of persons as may be specified in the said notification.
(2) The rebate under sub-section (1) may be allowed with effect from a date prior to the date of the notification.