Section 20 of The Manipur (Sales of Motor Spirit and Lubricants) Taxation Act, 1962 in hindi
Every registered dealer on whom a notice has been served to furnish return under the provisions of this Act, shall keep a true account of taxable goods produced, made or processed by him or brought by him into the Union territory from any place outside that territory for the purpose of sale in that territory, and of sales.
Summary
- Registered dealers must maintain a true account of their taxable goods and sales.
- This rule applies only to dealers who have been served a notice to furnish a return.
- The accounts must cover goods produced, made, or processed locally by the dealer.
- The accounts must also cover goods brought into the territory from outside specifically for the purpose of sale.
Practical examples
FAQ
1. Does every single person who sells oil need to keep these accounts?
This specific requirement applies only to registered dealers who have been served a notice to furnish a return under the law.
2. What exactly needs to be recorded in the accounts?
A true account of the taxable goods produced, made, processed, or brought into the territory, as well as a true account of all sales.
3. Does this apply to goods brought from outside the territory?
Yes, but only if they are brought into the territory from an outside place for the purpose of sale within the territory.
Test yourself
Q1.Under Section 20 of The Manipur (Sales of Motor Spirit and Lubricants) Taxation Act, 1962, which specific group of people is legally required to keep a true account of their taxable goods?
Q2.Under Section 20 of The Manipur (Sales of Motor Spirit and Lubricants) Taxation Act, 1962, what types of transactions must be accurately recorded in the true accounts?
Q3.Under Section 20 of The Manipur (Sales of Motor Spirit and Lubricants) Taxation Act, 1962, does the requirement to maintain accounts apply to goods manufactured locally by the dealer?
Q4.Under Section 20 of The Manipur (Sales of Motor Spirit and Lubricants) Taxation Act, 1962, if a registered dealer brings goods into the Union territory from outside, under what condition must they account for them?