The Assam Value Added Tax (Amendment) Act, 2016
assam · 2016
The scanned source for this Act is imperfect — headings or section boundaries may be off. Verify against the official source.
- S. 2The section amends the Assam VAT Act to change how tax is levied on specified goods and introduces new sub-sections for specific liquor sales.
- S. 3Section 3 amends the Assam VAT Act to increase the tax rate and allows registered dealers to pay tax based on maximum retail price.
- S. 4Extends the time for filing returns and audits under Assam Value Added Tax Act from seven to nine months.
- S. 5Section 5 amends the Assam Value Added Tax Act to increase the tax rate on foreign liquor, excluding rum sold to defense personnel.
- S. 2005Section 2005 mandates dealers to pay tax on purchased items and importers to pre-pay liquor tax, with credits for advance payments against monthly sales.