Power to amend

The State Government may, by notification, amend the Schedule to this Act and thereupon the Schedule shall be deemed to be amended accordingly, provided that no notification shall be issued to increase the tax rate without the approval of the State Legislature. Subject to the provisions of this Act, if any person fails to pay the tax under the provisions of this Act within the stipulated time, they shall be liable to pay, in addition to the tax, a penalty as prescribed by the State Government, which may extend up to, but shall not exceed, the amount of tax payable by them. Where the State Government is of the opinion that it is necessary or expedient so to do, either in public interest or having regard to the peculiar circumstances of any case, it may by notification and subject to such conditions, if any, as it may specify in the notification, exempt any class of persons or any employer or class of employers from the operation of all or any of the provisions of this Act for such period as may be specified in the notification.