The Assam Value Added Tax (Amendment) Act, 2007
assam · 2007
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- S. 1—
- S. 4(2) It shall have the like extent as the principal Act (3) It shall come into force at once
- S. 5Section 5 amends the Assam VAT Act to allow dealers to retain part or all of the subsidy tax collected when granted tax exemption, and permits government exemptions from tax for public interest.
- S. 6"Audit of accounts in certain circumstances THE AS
- S. 7"Liability of the owner of the place or premises in certain cases Amendment of section 77
- S. 8Section 8 of the Assam Value Added Tax (Amendment) Act, 2007 mandates dealers to obtain written permission from the Commissioner for exhibitions, exchanges, or prize schemes, with penalties for non-compliance.
- S. 11In the principal Act, in section 80,-- (i) (ii) (iii) (iv) (v) sub-section (2) shall be omitted;
- S. 62ASection 62A allows the Prescribed Authority to direct a dealer to get their accounts audited by a Commissioner-nominated accountant if deemed necessary.
- S. 109THE ASSAM GAZETTE, EXTRAORDINARY, __ MARCH 30, _20~0_7 ____ -=5: