Liability of additional tax for unregistered dealer

[madhavvan n]

as per punjab vat amendment section 8B inserted wherein it is mentioned that there shall be levied and collected on taxable turnover of a person other than registered person an additional tax which shall be calculated at rate of 10% of the tax payable by him under the act. does this mean that any body who is not registered under Punjab VAT is liable for payment of additional tax @10% on tax payable by him under tha act the above provision is not clear can learned viwers throw light on the implication of above.

AI Summary

Clarification Sought on 10% Tax for Unregistered Dealers Under Punjab VAT Amendment, Section 8B A query was raised regarding the liability of unregistered dealers under the Punjab VAT amendment, specifically section 8B, which imposes an additional tax of 10% on the taxable turnover of unregistered persons. The question sought clarification on whether this means unregistered individuals must pay this additional tax. The response advised reviewing the entire charging provisions, relevant sections, and the context, purpose, and scheme of the Act to understand the implications fully.