section 5
Adjustment of tax already collected.
The Madras General Sales Tax (Revival and Special Provisions) Act, 1971Tax19717 sections
Statutory text
- (1) The amount of tax on the sale of tea or rubber made during the period commencing on and from the 1st day of April, 1951 and ending with the 30th day of September, 1957, collected from any dealer, under the Madras Act or under the General Salestax Act, 1125 (XI of 1125), shall be adjusted towards the tax due from him on such sale as a result of assessment or re-assessment in accordance with the provisions of this Act.
- (2) If such tax collected under the Madras Act or under the General Salestax Act, 1125 (XI of 1125), from a dealer is less than the amount of tax due under the provisions of this Act, only the balance shall be recovered from him, and if the tax so collected is in excess, such excess shall be refunded to him.
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