TMI BlogTax Period (Section 3, 26 & 36)X X X X Extracts X X X X X X X X Extracts X X X X ..... er case, on the date of cancellation of the registration. 9 [(3) ***] 10 [(4) ***] 7 [ (5) For a dealer, to whom a certificate of registration has been granted for the first time, his tax period, till the end of the year of registration, shall be a quarter and his first tax period shall commence from the date of his liability. ] (6) For the purpose of sub-rule (1), the "turnover" of a dealer shall not include turnover from: (a) the sale of capital assets; (b) sales made in the course of winding up the dealer's activities; and (c) sales made as part of the permanent diminution of the dealer's activities. Explanation : For the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... /2012, w.e.f. 25.0.2012. Prior it was read as;- of one month or a quarter or six months or one year 4. Substituted vide Notification No.F.3(27)/Fin(Rev-I)/2011-12/DSIII/353, Dated : 25/04/2012, Prior it was read as;- A dealer to whom - (a) clause (a) of sub-rule (1) applies, can opt the tax period of six months or a quarter or one month; or (b) clause (b) of sub-rule (1) applies, can opt the tax period of a quarter or one month; or (c) clause (c) of sub-rule (1) applies, can opt the tax period of one month, and the option so exercised by him during a particular year by furnishing an intimation in accordance with sub-rule (4) of this rule, shall not be changed during that year: 5. Substituted vide Notification No. F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Provided further that where the turnover of a dealer during the current year increases or decreases beyond the turnover limits specified in this sub-rule, he shall be liable to change his tax period from the first day of the following year: Provided also that the Commissioner may, by an order in writing, prescribe a tax period 3 [ other than the applicable tax period ] for a dealer or a class of dealers irrespective of his or their turnover. ] 9. Omitted vide Notification No.F.3(15)/Fin.(Rev-I)/2012-13/dsVI/264 Dated 30/03/2013. Before it was read as, 4 [ (3) A dealer to whom clause (a) of sub rule (1) applies, can opt the tax period of one month and the option so exercised by him during a particular year by ..... X X X X Extracts X X X X X X X X Extracts X X X X
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