MADHYA PRADESH ACT No. 18 of 2020

THE MADHYA PRADESH VAT (AMENDMENT) ADHINIYAM, 2020

[Received the assent of the Governor on the 25th September, 2020; assent first published in the "Madhya Pradesh

An Act further to amend the Madhya Pradesh Vat Act, 2002.

Be it enacted by the Madhya Pradesh Legislature in the seventy first year of the Republic of India as follows:-

1. Short title and commencement.

(1) This Act may be called the Madhya Pradesh Vat (Amendment) Act, 2020.

(2) (a) The provision of section 2 of this amending Act shall come into force from such date as may be notified by the State Government.

(b) The other provision of this amending Act shall come into force from the date of its publication in the Madhya Pradesh Gazette.

2. Amendment of section 2.

In section 2 of the Madhya Pradesh Vat Act, 2002 (No. 20 of 2002) (hereinafter referred to as the principal Act), in clause (x), after sub-clause (iv), the following sub-clause shall be added, namely:-

"(v) The amount collected by way of cess under the Madhya Pradesh Motor Spirit Upkar Adhiniyam, 2018 (No. 11 of 2018) and the Madhya Pradesh High Speed Diesel Upkar Adhiniyam, 2018 (No. 12 of 2018);"

3. Amendment of section 14.

In section 14 of the principal Act, for sub-section (1AC), the following sub-section shall be substituted namely:-

"(1AC) (a) Subject to such restrictions and conditions as may be prescribed, where a registered dealer purchases diesel and petrol as specified in Part-IIIA of Schedule II within the State of Madhya Pradesh from another such dealer after paying him input tax, and sells the diesel and petrol so purchased within the State of Madhya Pradesh, he shall claim or be allowed, in such manner and within such period as may prescribed, input tax rebate of the amount of such input tax.

(b) Notwithstanding anything contained in clause (a), where a dealer, who is registered under the Madhya Pradesh Goods and Services Tax Act, 2017 (No. 19 of 2017), gets himself registered under Section 17 by making an application for grant of a registration certificate after the prescribed period but before 31st March, 2021, he shall, in respect of diesel and petrol specified in Part-IIIA of Schedule II purchased on after date of liability to pay tax by him within the State of Madhya Pradesh from a registered dealer after payment to him input tax, claim or be allowed input tax rebate of the amount of such tax in accordance with the provision of clause (a) above. However, no refund shall be given if the input tax is more than the liability to pay the output tax.".