Vat Actupdated - RS Goyal & Associates

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--1.4.2006 to 24.12 .2007]
(5) The registration certificate granted under sub-section (4) shall take effect from -
(a) in a case where a dealer required to get himself registered under clause (a) or clause
(b) of sub -section (2) has applied for registration within the period prescribed under
clause (a) or specified in clause (b) of the said sub-section, the date on which his
turnover in a year first exceeds the limit prescribed under sub-section (1) of section 5
or the date of transfer of business, as the case may be :
(b) in a case where a dealer required to get himself registered under clause (a) or
clause (b) of sub-section (2) has applied for registration after the expiry of the prescribed
or specified period, as the case may be, the date on which he applies for registration;
(c) where a dealer has applied under clause (c) or a person has applied under clause (d)
of sub-section (2), for registration the date of such application and notwithstanding the
provisions of section 5, such dealer or person as the case may be, shall be liable to pay
tax under this Act, during the period from the said date till his registration certificate
remains in force
(6) Without prejudice to the provisions of sub-section (6) of Section 20 20 when a dealer has
without reasonable cause, failed to get himself registered within the prescribed time as
required by sub-section (1) or clause (a) or clause (b) of sub-section (2) the Commissioner
may, after giving such dealer a reasonable opportunity of being heard, direct him to pay by
way of penalty, in addition to the fee payable, a sum not exceeding rupees five hundred.
(7) Every dealer who at the commencement of this Act holds a registration certificate under
the provisions of the Act repealed by this Act shall, on such commencement, be deemed for
all purposes of this Act to be a dealer registered and holding a registration certificate under
this Section.
(8) If any registered dealer or other dealer who is required to furnish returns under subsection
(1) of Section 18 -
(a) sells or otherwise disposes of his business or any part or place of his business or
effects or comes to know of any other change in the ownership of the business, or
(b) discontinues his business or changes his place of business or opens a new place
of business, or
(c) changes the name or nature of his business,
he or if he dies, his legal representative shall within the prescribed time, inform the
prescribed authority accordingly.
(9) (a) The Commissioner shall -
(i) on an application made by a registered dealer for amendment of his registration
certificate in pursuance of the provisions of sub-section (8) or otherwise, amend the
registration certificate of the dealer or reject the application within 30 days of the date
of receipt of such application, after making such enquiry as he deems fit; and
(ii) on being satisfied that the registration certificate issued to a dealer requires
amendment with regard to certain particulars specified therein, amend the
registration certificate after giving the dealer an opportunity of being heard.
(b) When the registration certificate is amended under sub-clause (i) of clause (a) in
pursuance of any of the events specified in sub-section (8), such amendment shall take
effect from the date such event has taken place and in all other cases falling under the
said sub-clause the amendment shall take effect from the date of application. An
amendment made under sub-clause (ii) of clause (a) shall take effect from the date of
order for making such amendment.