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3AA. Retail Tax.—
(1)
Subject to the provisions of this section, and such conditions and
procedures regarding the mode, manner and time of payment, and from such date as
may be specified by the Federal Government, there shall be charged, levied and
paid retail tax at the rate specified in section 3, by a retailer who is making
taxable supplies in the course or furtherance of any taxable activity carried by
him.
(2)
Subject to such modification as the Board may specify, all provisions of
this Act shall apply to the charge, levy, deduction of input tax, payment,
collection and enforcement of the retail tax, as if it were sales tax under
section 3.
(3)
The application for registration as tax payer of retail tax shall be made
to the Collector in such form and manner as may be specified by the Board.
(4)
Notwithstanding the provisions of sub-section (1), a retailer not liable
to pay tax, shall, after voluntary registration under section 18, opt for paying
sales tax under the section.
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