18 Mandatory and voluntary registration
(1) Every dealer is required to apply for registration under this Act if -
(a) the dealers turnover in the year preceding the commencement of this Act exceeded the taxable quantum; or
(b) the dealers turnover in the current year exceeds the taxable quantum; or
(c) the dealer is liable to pay tax, or is registered or required to be registered under Central Sales Tax Act, 1956 (74 of 1956):
PROVIDED that a dealer dealing exclusively in goods mentioned in the First Schedule shall not be required to register.
Explanation.- For the purposes of this section, in case of dealers involved in execution of works contracts, the taxable quantum shall be calculated with reference to the total contract amount received.
(2) For the purposes of this Act, taxable quantum of a dealer shall be [twenty lakh rupees], or such other amount as may be specified by the Government by notification in the official Gazette:
PROVIDED that a dealer who imports for sale any goods into Delhi, the taxable quantum shall be Nil or such other amount as may be specified by the Government by notification in the official Gazette.
(3) The taxable quantum of a dealer shall not include turnover from-
(a) sales of capital assets;
(b) sales made in the course of winding up the dealers activities; and
(c) sales made as part of the permanent diminution of the dealers activities.
(4) Any person who is not required by sub-section (1) to be registered but who -
(a) is a dealer; or
(b) intends from a particular date to undertake activities which would make him a dealer,
may apply for registration |