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26AA.
Retail Tax Return.-
(1)
Every registered retailer making taxable supplies 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.
(2)
If there is a change in the rate of tax during a tax period, a separate return
in respect of each portion of tax period, showing the application of different
rates of tax, shall be furnished.
(3) A registered retailer may file a revised return to correct any omission or wrong declaration made in a return filed under sub-section (1) or sub-section (2).
(4) Notwithstanding the penalties prescribed in section 33, if a registered retailer wishes to file a 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 registered retailer 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 registered retailer 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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