Amendment of Section 20

In Section of the Principal Act,- (a) in sub-section (l) - (i) for the words "in lieu of the tax payable by him, an amount calculated at such rate", the words, brackets and figures "in lieu ofthe tax payable by him under sub-section (1) of Section 9, an amount oftax calculated at such rate" shall be substituted; (ii) in the proviso, for the words "one crore rupees", the words "one crore and fifty lakh rupees" shall be substituted; (iii) in the proviso, for the punctuation full stop ".", the punctuation colon ":" shall be substituted; (iv) after the proviso, the following shall be inserted, namely:- "Provided further that a person who opts to pay tax under clause (a) or clause (b) or clause (c) may supply services (other than those referred to in clause (b) of paragraph 6 ofSchedule II), ofvalue not exceeding ten per cent ofturnover in the State in the preceding financial year or five lakh rupees, whichever is higher." (b) in sub-section

1. (2) , for elause
   • (a) , the following shall be substituted, namely:- "(a) save as provided in sub-section
   • (l) , he is not engaged in the supply ofservices;"