Provision for payment of tax in case of discontinuance of business

Tax2005147 sections

Statutory text

(1) Where any business carried on by a dealer is discontinued, the person who was carrying on such business shall, within thirty days of such discontinuance, give notice thereof to the Commissioner in the prescribed form.
(2) If the Commissioner is satisfied that any business has been discontinued, he may cancel the registration of the dealer from the date of such discontinuance.
(3) The Commissioner may make an assessment of the tax payable by the dealer up to the date of discontinuance if it has not already been assessed or any tax remains unpaid, and the dealer shall be liable to pay any tax so assessed.

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