The following Act of the Kerala State Legislature is hereby published for general information. The Bill as passed by the Legislative Assembly received the assent of the Governor of Kerala on the 29th day of July, 2015.

By order of the Governor,

S. KUMARI SUDHA,

Special Secretary (Law).

EXTRACT OF THE KERALA FINANCE ACT, 2015

ACT No. 11 Of 2015

An Act to give effect to certain financial proposals of the Government of Kerala for the Financial Year 2015-2016.

Preamble.- Whereas, it is expedient to give effect to certain financial proposals of the Government of Kerala for the Financial Year 2015-2016;

Be it enacted in the Sixty-sixth Year of the Republic of India as follows:-

1. Short title.-

(1) This Act may be called the Kerala Finance Act, 2015.

(2) Save as otherwise provided in this Act,-

(i) clause (b) of sub-section (1), clause (b) of sub-section (2), sub-clauses (vii) and (xiii) of clause (a) of sub-section (19) and sub-clause (i) of clause (d) of sub-section (19) of section 9 shall be deemed to have come into force on the 1st day of April, 2005.

(ii) sub-section (18) and sub-clause (iv) of clause (c) of subsection (19) of section 9 shall be deemed to have come into force on the 19th day of July, 2011.

(iii) clause (a) of sub-section (2) of section 4 and item (c) of sub-clause (v) of clause (a) of sub-section (19) of section 9 shall come into force at once.

(iv) the remaining provisions of this Act shall be deemed to have come into force on the 1st day of April, 2015.

6. Amendment of Act 15 of 1963.-

In the Kerala General Sales Tax Act, 1963 (15 of 1963), for section 5D, the following section shall be substituted, namely;-

"5D. Levy of Additional Sales Tax. -

The tax payable under section 5 and section 5A shall be increased by an additional sales tax at the rate of-

(i) one rupee per litre on High Speed Diesel Oil, Petrol falling under sub-entries (ii) and (iv) of serial number 1 of the Schedule, and

(it) fifteen per cent of the tax payable under the said sections with respect to other commodities:

Provided that no additional sales tax under this section shall be levied on the tax payable on Foreign Liquor falling under serial number 2 of the Schedule:

Provided further that the Government may, by notification in the Official Gazette, vary the rate specified in item (i) above.".