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

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

Rules Regulations Notifications Orders Circulars Ordinance Statutes

Act ID:	20052
Act Number:	2
Enactment Date:	2005-02-25
Act Year:	2005
Short Title:	The Meghalaya Value Added Tax Act 2003 (Act No.2 of 2005).pdf
Long Title:	An Act to provided for and consolidate the Laws relating to lavy of Value Added Tax on Sales or Purchase of goods in the State of Meghalaya:
Ministry:	Ministry of Law Department
Department:	Law Department
Type:	STATE
Location:	Meghalaya

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Chapter I

PRELIMINARY

Chapter II

INCIDENCE AND LEVY OF TAX

Chapter III

LIABILITY IN SPECIAL CASES

Chapter IV

TAXING APPELLATE AND REVISIONAL AUTHORITIES ANDENFORCEMENT BRANCH

Chapter V

REGISTRATION OF DEALER AND DEMAND OF SECURITY ETC.

Chapter VI

RETURN AND PAYMENT OF TAX, ASSESSMENT ETC

CHAPTER VII

APPEAL REVISION AND REVIEW

Chapter VIII

MEASURES TO REGULATE TRANSPORT OF GOODS

Chapter IX

Accounts, Inspection, search and seizure and power to call for information

CHAPTER X

OFFENCES AND PENALTIES

CHAPTER XI

MISCELLANEOUS

CHAPTER XII

Transition, repeal and savings


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