Section 118: Production of books and records

118. Production of books and records The Director-General may, for the purpose of ascertaining the duty, levy or tax payable by any person under this Act, require that person – (a) by written notice, to keep such records for taxation purposes as the Director-General may direct; (b) to produce for – (i) examination, either at the business premises of that person or at the office of the Director-General, books, records, bank statements or other documents whether on computer or otherwise, which the Director-General considers necessary and which may be in the possession or custody or under the control of that person; or (ii) retention, for such period as the DirectorGeneral considers necessary, books, records, bank statements or other Acts 2019 317 documents specified in subparagraph (i) and for taking copies of or extracts therefrom; (c) to call at the office of the Director-General for the purpose of being examined in respect of any transaction or matter relating to the duty, levy or tax payable by that person; or (d) to make such returns or give such information relating to his business within such time as the Director-General may specify. (p) in section 157, by adding the following new subsection – (7) Any person who contravenes subsections (1) to (5A) shall commit an offence and shall, on conviction, be liable to a fine not exceeding 500,000 rupees. (q) in the Third Schedule – (i) in CATEGORY 3, by deleting paragraph (b) and its corresponding entries; (ii) in CATEGORY 6 – (A) in paragraph (h), in the second column, by adding the words “, payable in 4 equal instalments, each instalment being payable on or before the first day of every period of 3 months”; (B) in paragraph (i), in the second column, by deleting the words “per machine” and replacing them by the words “, payable in 4 equal instalments, each instalment being payable on or before the first day of every period of 3 months”; (C) by deleting paragraph (l) and its corresponding entries; 318 Acts 2019 (r) in the Fifth Schedule – (i) in Part I – (A) in CATEGORY 3, in paragraph 1, by deleting subparagraph (b) and its corresponding entries; (B) in CATEGORY 6, in paragraph 4, in the second column, by deleting the words “10 per cent of gross takings per machine or 500,000 rupees, whichever is the higher” and replacing them by the words “10 per cent of gross takings or 500,000 rupees, whichever is higher”; (ii) in Part II, in CATEGORY 3, by deleting paragraph 1(b) and its corresponding entries.