Return

(1) Every registered dealer shall furnish such returns, for such periods in such form, to such authority and within such time as may be prescribed. Explanation-A dealer who gets the registration from a particular date is also liable to furnish return for the period prior to such date during which he was liable to pay cess under this Act. (2) The dealer shall therein furnish a true return covering the entire period in such manner and within such time as may be prescribed and the process due under this Act according to the return and furnish alongwith return proof of the same and any such proof of payment shall be deemed invalid if not been furnished; (3) If a registered dealer fails without reasonable cause, to furnish any valid return within the time specified by the prescribed authority, such dealer shall be liable to pay, in addition to any cess payable by him, a penalty as may be determined by the prescribed authority at the rate not exceeding five hundred rupees per day to the maximum as may be prescribed or for each day of default or failing to file returns/payment within the period or take action under any of the provisions of this Act.