Levy of tax

There shall be levied and collected a tax on the turnover of luxury commodities at such rate not exceeding twenty per cent as the Government may, by notification in the Official Gazette, specify. For the purpose of levy and assessment of tax, it shall be presumed that every registered stockist or every stockist liable to get himself registered under this Act whose place of business is situate within Delhi is liable to pay tax on the value of all the stock of luxuries as are dealt with by him and the burden of proving that any transaction of such stockist in any of the luxuries is not liable to tax shall lie on such stockist.