Levy of surcharge on sales and purchase taxes

(1) The tax payable under the Travancore-Cochm General Sales Tax Act, 1125 or the Madras General Sales Tax Act, 1939, shall, m the case of a dealer whose turnover exceeds thirty thousand Pubhshed m the Gazette Extraordinary, dated 7th August 1957.

rupees m a year, be mcreased by a surcharge at the rate of two and a half per centum of the tax payable for that year and the provistons of the Travancore-Cochm General Sales Tax Act, 1125 or the Madras General Sales Tax Act, 1930, shall, a~ the case may be, apply to the levy and collectiOn of the ~aid surcharge:

Provided that where m respect of declared good~ as defined in ·clause (c) of section 2 of the Central Sales Tax Act, 1~56, the tax payable by such dealer under the Travancore-Cochin General Sales Tax Ac';, 1125 or the Madras General Sales Tax Act, 1939, together with the surcharge payable under th1s subsection, exceeds two per centum of the sale or purcha~e priCe, the rate of surcharge in respect of !:>U<'h goods shall be reduced to such an extent that the tax and the surcharge together shall not exceed two per centum of the sale or purchase price.

1. (2) Notwithstandmg anythmg contamed in sub-section (1) of sectiOn 11 of the Travancore-Cochin General Sales Tax Act, 1125, or in sub-section (1) of section 8 B of the Madras General Sales Tax Act, 1939, no dealer referred to m subsectiOn (1) shall be entitled to collect the surcharge payable under the said sub-section.