Text of notification is at the end of the Act.

Certain dealers to issue

1. (1) Every dealer whose turnover exceeds 2[fifty thousand rupees] in any year shall, in respect of all goods sold by him, issue a bill or a cash memorandum to the purchaser, signed and dated by him or his servant, manager, or agent showing such particulars as may be prescribed and shall keep the counterfoil or duplicate of such bill or cash memorandum duly signed and dated and preserve it for a period of not less than five years from such date. 1[Provided that, unless the purchaser so requires, it shall not be necessary for a dealer to issue a bill or cash memorandum in respect of a transaction whose total value does not exceed 2[one hundred rupees] in each case but the dealer shall, in respect of all such transactions, prepare at the close of each day, a consolidated bill or cash memorandum and include them in his books of accounts and statements or returns in accordance with the provisions of this Act.] 1957: KAR. ACT 25] Sales Tax 1[(1A) Every dealer who purchases goods from another dealer shall obtain a bill or cash memorandum in respect of a transaction whose total value exceeds 2[one hundred rupees] in each case.]
2. (2) Any person who contravenes the provisions of sub-section (1) 1[or sub- section (1A)] shall, on conviction, be punishable with a fine equal to double the amount of the bill or the cash memorandum in respect of which such contravention has occurred 2[or 3[one thousand rupees] whichever is more.]

¹ Inserted by Act 23 of 1983 w.e.f. 18.11.1983.

² Substituted by Act 8 of 1984 w.e.f. 1.4.1984.

¹ Inserted by Act 13 of 1982 w.e.f. 1.4.1982.

² Substituted by Act 6 of 1995 w.e.f. 1.4.1995.

¹ Inserted by Act 23 of 1983 w.e.f. 18.11.1983.

² Substituted by Act 6 of 1995 w.e.f. 1.4.1995.

¹ Inserted by Act 23 of 1983 w.e.f. 18.11.1983.

² Substituted by Act 7 of 1981 w.e.f. 4.4.1981.

³ Substituted by Act 6 of 1995 w.e.f. 1.4.1995.