Registration of proprietors and stockists

Registration of proprietors and stockists.-(1) Every proprietor or a stockist liable to pay tax under this Act shall get himself registered under this Act in such manner and within such period as may be prescribed and shall pay a registration fee of two hundred and fifty rupees.

1. (2) The registration granted shall be valid for one year and shall be renewed from year to year on payment of the fee specified in sub-section (1).
2. (3) Where, however, the proprietor or a stockist is already registered under the Karnataka Sales Tax Act, 1957, then, he shall not be liable to pay the registration or renewal fee prescribed under this section.
3. (4) The Luxury Tax Officer may for good and sufficient reasons, demand from a proprietor or a stockist liable to pay tax under this Act, security for due payment of tax and on such demand the proprietor or a stockist shall furnish security within eight days from the date of receipt of the order demanding security.
4. (5) The amount of security payable under sub-section
5. (4) shall not exceed an amount equivalent to one fourth of tax anticipated for the year form the proprietor or a stockists. The Luxury Tax Officer may demand an additional security, if he has reason to believe that the security furnished already is inadequate.
6. (6) The security furnished shall be maintained in full unless the Luxury Tax Officer is satisfied that there are no reasons for its continuance or until the registration certificate is cancelled.
7. (7) Where a proprietor or a stockist has more than one place of business, the registration certificate shall cover all such places of business. The Luxury Tax Officer shall issue copies of the registration certificates to the proprietor or the stockist for exhibition at each of his places of business.
8. (8) A proprietor or a stockist registered under sub-section
9. (1) shall be entitled to have his registration cancelled if he is able to prove to the satisfaction of the Luxury Tax Officer that he has discontinued, transferred or otherwise disposed off his business.
10. (9) The Luxury Tax Officer shall have power, for good and sufficient reasons, to cancel, modify or amend any registration certificate issued by it.
11. (10) A certificate of registration shall be personal to the proprietor or the stockist to whom it is granted and shall not be transferable.