In terms of the provisions of sub-section (2) of section 89 of the Goa Value Added Tax Act, 2005 (Act 9 of 2005), and all other powers enabling it in this behalf_, the Government of Goa hereby amends the Goa Value Added Tax Deferment-cum-Net Present Value Compulsory Payment Scheme. 2005. published in the Official Gazette (Extraordinary No. 4)_, Series I. No. 53, dated 31-3-05, as follows:-

1, Short titte and commencement.-

(1)This Scheme may be called the Goa Value Added Tax Deferment-cum-Net Present Value Compulsory Payment (Amendment) Scheme, 2005,

(2) It shall come into force at once.

2. Amendment of clause 2.-

In the Goa Value Added Tax Deferment-cum-Net Present Value Compulsory Payment Scheme, 2005 in clause

2(A), in sub-clause (g), for item (ii), the following item shall be substituted, namely:-

"(ii) sales tax payable under the Central Sales Tax Act, 1956 (Central Act 74 of 1956), after adjusting the input tax credit for the tax period, available against such inter-State sales, during the period of entitlement on the sales of goods coveted by the said Notification and/or Government Order;".