Liability to pay special purchase tax on certain goods in stock

Liability to pay special purchase tax on certain goods in stock.

22.

1. (1) Where, any dealer who is not liable to pay tax under section 3 of this Act on the appointed day, but was registered under the Bombay Sales Tax Act, 1959, on the day immediately preceding the appointed day, holds in stock on the appointed day any goods in declaration under that Act, such dealer shall, notwithstanding anything contained in section 3, be liable to pay special purchase tax on the purchase price of such goods at the rate specified in section 14 of that Act and all the provisions of this Act shall apply as if such dealer has become liable to pay tax under this Act.
2. (2) Where any person or dealer liable to pay tax under this Act holds in stock on the appointed day any goods purchased by him by furnishing a certificate or declaration under the Bombay Sales Tax Act, 1959, and any notification issued under section 41 of that Act, and contravenes the recitals of such certificate or declaration after the appointed day, such person or dealer shall be liable to pay purchase tax on the purchase price of such goods and such special purchase tax shall be levied at the rate specified in section 14 of that Act and all the provisions of this Act shall apply accordingly.