Section 25(5) in The M.P. Vanijyik Kar Niyam, 1995
(5)The permission shall be granted in Form 25 and shall be subject to the following terms and conditions :(i)the dealer shall pay within thirty days of the expiry of each quarter tax equal to ¼th of the amount of tax to which he has been assessed for the latest preceding year of assessment or ¼th of the amount of tax payable according to his returns for the latest preceding year, whichever is greater;(ii)the dealer shall furnish the annual return within thirty days of the expiry of the year in respect of which such permission is granted and shall pay along with the return the balance of tax, if any, representing the difference between the tax payable according to his annual return and the tax already paid by him;(iii)the annual return shall be accompanied by the challan in Form 39 in respect of tax paid for the four quarter of the year;(iv)the permission granted shall stand automatically revoked if the dealer is convicted of an offence punishable under the Act or under any earlier law and in that case he shall furnish all the return normally due from him in accordance with the provisions of Section 26 within a period of thirty days from the date of such conviction; and(v)the permission granted under this rule shall be liable to be cancelled for breach of any of the terms and conditions subject to which it has been granted.
