THE HIMACHAL PRADESH VALUE ADDED TAX (AMENDMENT) ACT, 2005

(AS ASSENTED TO BY THE GOVERNOR ON 5TH SEPTEMBER, 2005)

Act No. 23 of 2005

AN

ACT

to amend the Himachal Pradesh Value Added Tax Act, 2005( Act No 12 of 2005).

BE it enacted by the Legislative Assembly of Himachal Pradesh in the Fifty-sixth Year of the Republic of India, as follows:-

1. Short title and commencement.

(1) This Act may be called the Himachal Pradesh Value Added Tax (Amendment) Act, 2005.

(2) It shall be deemed to have come into force on the 14th day of July, 2005.

2. Amendment of section 62.

In section 62 of the Himachal Pradesh Value Added Tax Act, 2005 after sub-section (5), the following provisos shall be added, namely :-

"Provided that the State Government may, by notification, allow any dealer, whether registered before or after the commencement of this Act to avail of any incentive of tax leviable on the sale of manufactured goods under the Act, if such incentive has been declared by the State Government before the commencement of this Act:

Provided further that the State Government may, by notification, in lieu of the incentive of exemption from tax under the preceding proviso, allow only the facility of making deferred payment of tax, subject to such conditions as it may specify therein".

3. Repeal of Ordinance No. 8 of 2005 and savings.

(1) The Himachal Pradesh Value Added Tax (Amendment) Ordinance, 2005 is hereby repealed.

(2) Notwithstanding such repeal, anything done or any action taken under the Ordinance so repealed shall be deemed to have been done or taken under the corresponding provisions of this Act.