Meghalaya Value Added Tax Act 2003 (Act No.2 of 2005).pdf

Bare Act · 2003

Act number: 2 of 2005
Enacted: 25 February 2005
Contents: 117 sections

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Section 1 – Short title extent and commencement
Section 2 – Definitions
Section 3 – Incidence Tax
Section 4 – Tax payable by a dealer or a person
Section 5 – Levy of Value Added Tax on goods specified in the Schedule appended to this Act:-
Section 6 – Purchase tax payable on purchase of certain goods (preview)
Section 7 – Levy of tax on containers and packing materials (preview)
Section 8 – Exemption (preview)
Section 9 – Output Tax (preview)
Section 10 – Input tax (preview)
Section 11 – Input tax credit (preview)
Section 12 – Reverse tax credit (preview)
Section 13 – Net tax credit (preview)
Section 14 – Input tax credit exceeding tax liability (preview)
Section 15 – Adjustment of input tax credit (preview)
Section 16 – Burden of proof (preview)
Section 17 – Levy of presumptive tax on registered retailers (preview)
Section 18 – Net tax payable by the dealer (preview)
Section 19 – Stock brought forward during transition (preview)
Section 20 – Credit and debit notes: (preview)
Section 21 – Liability to pay in case of death (preview)
Section 22 – Certain agents liable to tax for sales on behalf of principal (preview)
Section 23 – Liability of partners (preview)
Section 24 – Amalgamation of companies (preview)
Section 25 – Sales tax authorities (preview)
Section 26 – Delegation of Commissioner’s powers (preview)
Section 27 – Appellate Authority (preview)
Section 28 – Revisional Authority (preview)
Section 29 – Appellate Tribunal (preview)
Section 30 – Enforcement Branch (preview)
Section 31 – Compulsory registration of dealers (preview)
Section 32 – Voluntary registration of dealer (preview)
Section 33 – Security to be furnished:- (preview)
Section 34 – Imposition of penalty for failure to get registered (preview)
Section 35 – Periodical return and payment of tax and interest (preview)
Section 36 – Return defaults (preview)
Section 37 – Collection of tax only by registered dealers (preview)
Section 38 – Rounding off of the amount of tax or penalty (preview)
Section 39 – Security of Return (preview)
Section 40 – Interest payable by dealer (preview)
Section 41 – Interest (preview)
Section 42 – Power to with hold refund in certain cases (preview)
Section 43 – Exemption of certain sales and purchase (preview)
Section 44 – Composition of tax (preview)
Section 45 – Assessment (preview)
Section 46 – Assessment of tax payable by dealer other than registered dealers (preview)
Section 47 – Assessment of dealer who fails to get himself registered (preview)
Section 48 – Payment of tax and penalty:-The amount of tax (preview)
Section 49 – Refund (preview)
Section 50 – Provisional refund (preview)
Section 51 – Rectification of assessment (preview)
Section 52 – Tax Audit (preview)
Section 53 – Self assessment (preview)
Section 54 – Provisional assessment (preview)
Section 55 – Audit assessment (preview)
Section 56 – Assessment of dealers who fails to get himself registered (preview)
Section 57 – No assessment after five year (preview)
Section 58 – Turnover escaping Assessment (preview)
Section 59 – Exclusion of time period for assessment:- (preview)
Section 60 – Special mode of recovery:- (preview)
Section 61 – Collection of tax by dealer (preview)
Section 62 – Sales not liable to tax (preview)
Section 63 – Tax to the first charge on property (preview)
Section 64 – Period of limitation of recovery for tax: (preview)
Section 65 – Appeal against assessment (preview)
Section 66 – Suo moto revision and revision by Commissioner upon application (preview)
Section 67 – Review of order (preview)
Section 68 – Appeal to the High Court: (preview)
Section 69 – Appeal to the Appellate Tribunal (preview)
Section 70 – Revision to High Court (preview)
Section 71 – Hearing of revision and Review by the High Court (preview)
Section 72 – Burden of proof (preview)
Section 73 – Persons appointed under section 25 and members of Appellate Tribunal to be public servants (preview)
Section 74 – Identity of Government Servants:- (preview)
Section 75 – Restriction on movement of goods (preview)
Section 76 – Erection of check post (preview)
Section 77 – Transit of goods by road through the State and issue of transit pass (preview)
Section 78 – Automation (preview)
Section 79 – Power to collect statistics (preview)
Section 80 – Registration of transporters (preview)
Section 81 – Maintenance of accounts by transporter, carrier or transporting agent (preview)
Section 82 – Inspection, search and seizure of records or documents (preview)
Section 83 – . Surveys (preview)
Section 84 – Inspection, Search Seizure (preview)
Section 85 – Disposal of seized goods (preview)
Section 86 – Audit of accounts (preview)
Section 87 – Dealer to declare the name of his business manager (preview)
Section 88 – Compulsory issue of tax invoice, cash memo or bill (preview)
Section 89 – Electronic record (preview)
Section 90 – Offences (preview)
Section 91 – Penalties (preview)
Section 92 – Offences by Companies (preview)
Section 93 – Cognizance of offences (preview)
Section 94 – Imposition of fine (preview)
Section 95 – Investigation of offence (preview)
Section 96 – Compounding of offence (preview)
Section 97 – Remission (preview)
Section 98 – Power of taking evidence on oath, etc (preview)
Section 99 – Returns etc. to be confidential (preview)
Section 100 – Disclosure of information required under Section 79 and failure to furnish information or return under that section (preview)
Section 101 – Publication and disclosure of information respecting dealers and other persons in public interest (preview)
Section 102 – Statement to be furnished by dealer, transporter, owner or lessee of warehouse, etc: (preview)
Section 103 – Information to be furnished by dealers regarding changes of business:-If any dealers: (preview)
Section 104 – Statement, accounts or declarations to be furnished by dealers (preview)
Section 105 – Information to be furnished by dealers in respect of transfer of goods otherwise than by way of sales:- (preview)
Section 106 – Special provisions relating to deduction of tax at source (preview)
Section 107 – Application of the Meghalaya Land Revenue Regulation Act for Recovery of tax recoverable as arrear of land revenue:- (preview)
Section 108 – Bar to proceeding in Civil courts (preview)
Section 109 – Power of State Government to prescribed rates of fees (preview)
Section 110 – Application of Section 4 and 12 if Limitation Act (preview)
Section 111 – Appearance before any authority in proceedings (preview)
Section 112 – Power of State Government to amend schedules (preview)
Section 113 – Power of State Government to make rules (preview)
Section 114 – Power of State Government to remove difficulties (preview)
Section 115 – Clearance certificate (preview)
Section 116 – Transition (preview)
Section 117 – Repeal and savings (preview)

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