24. Terms and conditions subject to which permission to furnish return for different period may be granted -

(1) A registered dealer required to furnish quarterly returns under clause (a) of sub-rule (2) of rule 20 may make an application to the Commissioner in form 21 for grant of permission under the proviso to sub-section (1) of section 19 to furnish an annual return. Such application shall be made within thirty days of the commencement of the year in respect of which the permission is sought and the Commissioner shall pass order on every such application before the expiry of the first quarter of the said year.

(2) Permission to furnish an annual return shall not be granted to a dealer who -

(a) is required to furnish monthly returns under rule 21; or

(b) fails to pay any tax payable by him under the Act or under any earlier law, or under the Central Sales Tax Act, 1956 (74 of 1956); or under the Chhattisgarh, Sthaniya Kshetra Me Mal Ke Pravesh par Ker Adhiniyam 1976 (52 of 1976)

(c) fails without sufficient cause to furnish returns under the Act; or

(d) is convicted of an offence punishable under the Act, or under any earlier law; or

(e) has not submitted all the returns for the year immediately preceding the year in respect of which the permission is sought.

(3) Nothing contained in sub-rule (2) shall restrict the Commissioner from permitting a dealer to furnish an annual return where such registered dealer is the Central or a State Government or any of their departments.

(4) The permission shall be granted in form 22 and shall be subject to the following terms and conditions :

(i) the registered dealer shall pay within thirty days of the expiry of each quarter tax equal to one fourth of the amount of tax to which he has been assessed for the latest preceding year or one fourth of the amount of tax payable according to his returns for the latest preceding year, whichever is greater;

(ii) the registered dealer shall furnish the return within ninety days of the expiry of the period 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 such return and the tax already paid by him;

(iii) the return for such different period shall be accompanied by a copy of challan in form 34 in respect of tax paid for the quarter or quarters of the period to which such return relates;

(iv) the permission shall stand automatically revoked if the dealer is convicted of an offence punishable under the Act or under any repealed Act and in that case he shall furnish all the returns normally due from him in accordance with the provisions of section 19 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.