In exercise of the powers conferred by sub-section (1) of section 63 of the Himachal Pradesh Value Added Tax Act, 2005 (Act No. 12 of 2005), the Governor of Himachal Pradesh is pleased to make the following rules further to amend the Himachal Pradesh Value Added Tax Rules, 2005, notified vide this department notification no. EXN-F(5)-4/2005 dated 2nd December, 2005 and published in the Rajpatra, Himachal Pradesh (Extra Ordinary) dated 7th December, 2005, namely:-

1. Short title and commencement.-

(1) These rules may be called the Himachal Pradesh Value Added Tax (Fourth Amendment) Rules, 2012.

(2) They shall come into force from the date of publication in the Rajpatra, Himachal Pradesh.

2. Amendment of rule 38.-

For the provisions below Clause (iii) of sub-rule (3) of rule 38 of Himachal Pradesh Value Added Tax Rules, 2005, (hereinafter referred to as the said rules), the following shall be substituted, namely:-

"deduct an amount equal to 2 percentum in respect of 'A' and 'B' class contractors and an amount equal to 3 percentum in respect of 'C' and 'D' class contractors having annual turnover up to Rs. 30 lac of such sum towards the tax under section 17 of the Act:

"Provided that in respect of 'C' & 'D' class contractors, no return shall be required to be filed under section 16 and also no assessment shall be required under section 21 and the tax deducted @ 3% shall be deemed to be full and final payment."

3. Deletion of Rule 48.-

Rule 48 of the said rules shall be deleted.

By order,

Sd/-

Principal Secretary (E&T).