In exercise of the powers conferred by sub-section (3D) of section 8 of the Maharashtra Value Added Tax Act, 2002 (Mah.IX of 2005), the Government of Maharashtra hereby amends the Government Order, Finance Department, No. VAT-1516/C.R. 62/Taxation-1, dated the 29th April 2016 as follows, namely :-

In the said Order,

(1) for the figures, letters and word "1st April 2016" the figures, letters and word "1st April 2005" shall be substituted;

(2) after condition (2), the following conditions shall be added, namely :-

"(3) If the tax has been paid or otherwise recovered in part or full, during the period starting on the 1st April 2005 and ending on the 31st March 2016, on the transfer of property in goods, involved in the sizing and warping of yarn, then the exemption shall be subject to the following conditions : -

(a) where tax is paid or recovered in full from customers, then no exemption shall be granted; or

(b) where tax is paid or recovered in part from customers, then the exemption shall be restricted to the extent of unpaid tax; or

(c) in case the taxes are collected partly and the said taxes are not paid then in such cases, the taxes so collected, shall required to be deposited within 30 days from the date of the Order No. VAT-1517/CR 43(B)/Taxation-1, dated 19th April 2017, and the exemption shall be admissible to the extent of taxes not collected subject to payment as aforesaid.

(4) If because of condition (3) exemption is not available in full or part, then set-off in respect of the purchases of goods shall be granted in full or, as the case may be, in part to the extent to which exemption is not available."

By order and in the name of the Governor of Maharashtra,

R.D.BHAGAT,

Deputy Secretary to Government.