section 10
Payment of tax and returns
The Punjab General Sales Tax Act, 1948Tax194826 sections
Statutory text
- (1) Tax payable under this Act shall be paid in the manner hereinafter provided at such intervals as may be prescribed. ²[(2) The Commissioner may, in such circumstances and such conditions as may be prescribed, accept from any dealer, in lieu of the amount of the general tax payable during any period, a lump-sum by way of composition determined in the prescribed manner.] ²[(3) Such dealers as may be required so to do by the assessing authority by notice served in the prescribed manner and every registered dealer shall furnish such returns by such dates and to such authority as may be prescribed : Provided that, if any dealer establishes to the satisfaction of the assessing authority that his average taxable turnover does not exceed ten per centum of his average gross turnover, the returns to be furnished by such dealer under this sub-section shall be annual returns. ¹[(4) Before any registered dealer furnishes the return required by sub-section ²[(3)], he shall, in the prescribed manner, pay into a Government Treasury or the Reserve Bank of India the full amount of tax due from him under this Act according to such returns and shall furnish along with the returns receipt from such Treasury or Bank showing the payment of such amount. ¹[(5) If any dealer discovers any omission or other error in any returns furnished by him, he may at any time before the date prescribed for the furnishing of the next return by him furnish a revised return, and if the revised return shows a greater amount of tax to be
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