Section 40(3) in Punjab General Sales Tax Rules, 1949
(3)The tax due for any quarter shall be paid before furnishing the return in Form ST VIII for that quarter:[Provided that in case of a dealer whose gross turnover does not exceed two lac rupees the tax due for any assessment year shall be paid quarterly on the basis of the entries in his account books and before furnishing the return in Form ST VIII in pink colour for that year] [Proviso to Rule 40 added by GSR 16/P.A.46/48/S.27/Amd(45)/84 dated 6.2.1984.].Compounding of Tax In Certain Cases
