Tax Period (Section 3, 26 & 36)

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nbsp;   (b) where the dealer dies or is wound up, on the date of death or winding up; ^      ^     (c) in any other case, on the date of cancellation of the registration. ^     9[(3) ***] ^10[(4) ***] ^     7[(5) For a dealer, to whom a certificate of registration has been granted for the first time, his tax period, till the end of the year of registration, shall be a quarter and his first tax period shall commence from the date of his liability.] ^      (6)  For the purpose of sub-rule (1), the "turnover" of a dealer shall not include turnover from: ^     &nbs....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....onth.". 2. Substituted vide Notification No.F.3(27)/Fin(Rev-I)/2011-12/DSIII/353, Dated : 25/04/2012, Prior it was read as;- "(a) is at or below ten lakh rupees, shall be one year; or (b) is at or below  fifty lakh rupees but exceeds ten lakh rupees, shall be six months; or (c) is at or below five crore rupees but exceeds fifty lakh rupees, shall be a quarter; or (d) exceeds five crore rupees, shall be one month:" 3. Substituted vide Notification No.F.3(27)/Fin(Rev-I)/2011-12/DSIII/353, Dated : 25/04/2012, w.e.f. 25.0.2012. Prior it was read as;- "of one month or a quarter or six months or one year" 4. Substituted vide Notification No.F.3(27)/Fin(Rev-I)/2011-12/DSIII/353, Dated : 25/04/2012, Prior it was read as;- ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....-I)/2012-13/dsVI/264 Dated 30/03/2013. Before it was read as, "^1[(1) Subject to sub-rule (2) of this rule, the tax period for a dealer whose turnover in the preceding year - ^          2[(a) is at or below five crore rupees, shall be a quarter; ^      ^     (b) exceeds five crore rupees, shall be one month:] ^     Provided that for the year 2005-06, the tax period of a dealer whose turnover does not exceed ten lakh rupees shall be six months, commencing from first day of October 2005: ^     Provided further that where the turnover of a dealer during the current year increases or decreases bey....