Section 29. Returns

(1) Every Registered dealer shall furnish correct and complete returns  of the goods in respect of his business and the transactions thereof  in such form, for such period, by such dates and to such authority, as may be prescribed.

(2) The Commissioner may, subject to such terms and conditions as may be prescribed, exempt any dealer from furnishing returns or permit any dealer, -

(a) to furnish for such different periods, or

(b) to furnish separate returns relating to various places of business of a dealer in the State for the said period, or for such different period, to such authority, as he may direct.

(3) If the Commissioner has reason to believe that the total turnover of any dealer is likely to exceed the thresholds of turnover specified in subsection (1) of section 3, he may, by notice served in the prescribed manner, require such dealer to furnish returns as if he were a registered dealer, but no tax shall be payable by such dealer, unless he become liable to pay tax under sub-section (1) of section 3.

(4) If any dealer having furnished returns under sub-section (1) or (3) discovers any mistake, error, omission or incorrect statement therein, he may furnish a revised return before the expiry of one month from  the last date prescribed for furnishing the original return.

(5) If a registered dealer or any other dealer  not being a dealer referred to in sub-section (4)  required to furnish return under this section fails to furnish any return by the prescribed date as required under sub-section (1) or, as the case may be, sub-section (2)  or fails to comply with the requirement of notice issued under sub-section (3), the Commissioner shall direct him to pay, in addition to any tax and interest payable or paid by him, by way of penalty   such sum as may be prescribed but not exceeding rupees ten thousand per return. The penalties prescribed  under this sub-section shall be imposed by the Commissioner notwithstanding the fact that the assessment proceedings have not been initiated against the dealer under section 32, 33 or 34. Any penalty imposed under this sub-section shall be without prejudice to any prosecution for any offence or any other proceedings  under this Act.