CHHATTISGARH ORDINANCE (No. 5 of 2015)

THE CHHATTLSGARH VALUE ADDED TAX (AMENDMENT) ORDINANCE, 2015

An Ordinance further to amend the Chhattisgarh Value Added Tax Act, 2005 (No. 2 of 2005).

Promulgated by the Governor of Chhattisgarh in the Sixty-sixth Year of the Republic of India.

Whereas, the State Legislature is not in session and the Governor of Chhattisgarh is satisfied that, the circumstances exist, which render it necessary for him to take immediate action :

Now therefore, in exercise of the powers conferred by clause (1) of Article 213 of the Constitution of India, the Governor of Chhattisgarh is pleased to promulgate the following Ordinance :-

1 Short title and commencement.

(1) This Ordinance may be called the Chhattisgarh Value Added Tax (Amendment) Ordinance, 2015.

(2) It shall come into force from 1st January, 2016.

2. The Chhattisgarh Value Added Tax Act, 2005 (No. 2 of 2005) to be temporarily amended.

During the period of operation of this Ordinance, the Chhattisgarh Value Added Tax Act, 2005 (No. 2 of 2005), (hereinafter referred to as the Principal Act), shall have effect subject to the amendment specified in Section 3 of this Ordinance.

3 Amendment of Schedule-II

(1) In the heading of column (3) of PART III of Schedule-II of the Principal Act. for the words, symbols and figure "Rate of tax u/s 8 (percent)", the words, figures and symbols "Rate of Tax under Section 8 as a percentage of taxable turnover and, in respect of goods listed against S. No. 1 and 2 in column (2), a percentage of taxable turnover and a specific Rate of Tax" shall be substituted.

(2) In column (3) of S. No. 1 of PART-III of Schedule-II of the Principal Act, for the figure "25", the figures, symbols and words "25 (percent) + 1 Rupee per litre" shall be substituted.

(3) In column (3) of S. No. 2 of PART-III of Schedule-II of the Principal Act, for the figure "25", the figures, symbols and words "25 (percent) + 2 Rupees per litre" shall be substituted.

INSTAVAT COMMENT

S No. 1 and 2 of Part III of schedule II read as under:

1. Diesel

2. Petrol