Incidence of tax

Tax1979106 sections6 chapters

Statutory text

(1) Every dealer whose turnover either of all sales or of all purchases, made during—
- (i) the year ending on the 31st day of March. 1979, or
- (ii) the year commencing on the 1st day of April 1979, has exceeded or exceeds the relevant limit specified in sub-section (4), shall, until such liability ceases under sub-section (3), be liable to pay tax under this Act on his turnover of sales, and on his turnover of purchases, made, on or after the appointed day: Provided that, a dealer, to whom sub-clause (i) does not apply but sub-clause (ii) applies and whose turnover either of all sales or of all purchases first exceeds the relevant limit specified in sub-section (4) after the appointed day, shall not be liable to pay tax in respect of sales and purchases which take place upto the time when his turnover of sales, or his turnover of purchases, as computed from the 1st day of April 1979, first exceeds the relevant limit applicable to him under sub-section (4).
(2) Every dealer, whose turnover, either of all sales or of all purchases made, during any year commencing on the

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