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26A.
Turnover tax return.
(1)
Every person required to pay turnover tax shall furnish a true and correct
return in the prescribed form to the Office of the Collector having jurisdiction
indicating the value of supplies made in tax period, the tax paid and such other
information as may be prescribed.
(2)
A return for the period or any part of the period from the 1st January to the
31st March shall be furnished on or before the 15th April, in that year.
(3)
A return for the period or any part of the period from the 1st April to the 30th
June shall be furnished on or before the 15th July, in that year.
(4)
A return for the period or any part of the period from the 1st July to the 30th
September shall be furnished on or before the 15th October, in that year.
(5)
A return for the period or any part of the period from the 1st October to the
31st December shall be furnished on or before the 15th January, in the following
year.
(6)
Notwithstanding the provisions of this section, a retailer required to pay
turnover tax shall furnish not later than due date a true and correct return in
the prescribed form to the designated branch of the bank specified by the Board.
(7) An enrolled person may file a revised return to correct any omission or wrong declaration made in a return filed under sub-section (1) or sub-section (6).
(8) Notwithstanding the penalties prescribed in section 33, if an enrolled person wishes to file revised return voluntarily along with deposit of the amount of tax short paid or amount of tax evaded along with additional tax, whenever it comes to his notice, before receipt of notice of audit, no penalty shall be recovered from him:
Provided that in case the enrolled person wishes to deposit the amount of tax as pointed out by the officer of Sales Tax during the audit, or at any time before issuance of the show cause notice in lieu of the audit report, he may deposit the evaded amount of tax, additional tax under section 34, and twenty-five per cent of the penalty payable under section 33 along with the revised return:
Provided further that in case the enrolled person wishes to deposit the amount after issuance of show cause notice, he shall deposit the evaded amount of sales tax along with the amount of further tax as per provision of sub-section (1A) of section 3, if applicable, additional tax under section 34, and full amount of the leviable penalty under section 33 along with the revised return and thereafter, the show cause notice, shall stand abated.
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