State Act

CHHATTISGARH COMMERCIAL TAX ACT 1994

This Act was repealed on a date we do not have by the Madhya Pradesh Vat Act, 2002 (No. 20 of 2002), s.72, as printed in the Madhya Pradesh copy of that Act: "The Madhya Pradesh Vanijyik Kar Adhiniyam 1994 (No.5 of 1995) shall stand repealed on the date of coming into force of this Act"; it may still apply to matters that began before then.

3Sec. 9-B : Levy of tax in special circumstances 4(1) Every dealer liable to pay tax under this Act, whose turnover in the year preceding the commencement of the Madhya Pradesh Vanijyik Kar (Sanshodhan) Adhiniyam, 1998 exceeds rupees 1[ten] lacs and every other dealer whose turnover in a year first exceeds rupees3[ten] lacs shall, from the commencement of the aforesaid Act or from the date on which the turnover exceeds rupees 3[ten] lacs, as the case may be, be liable to pay tax on the resale of any goods specified in 2[Part II to VI] of Schedule II at the rate of 5[4 percent in case of declared goods and 8 percent in case of goods other than declared goods] on such part of his turnover in respect of the said goods which remains after deducting therefrom - (i) ....deleted w.e.f. 13-8-2002...... (ii) sale price of such goods at the hands of the registered dealer from whom they have been purchased; (iii) the amount arrived at in accordance with the provisions of sub-clause (v) of clause (w) of Section 2] (2) Every dealer who is liable to pay tax under sub-section (1) shall continue to be so liable until the expiry of two consecutive years during each of which his turnover has not exceeded the limits specified in sub-section (1) and on the expiry of such period his liability to pay tax shall cease.