In pursuance of clause (3) of article 348 of the Constitution of India, the Governor is pleased to authorise the publication in the Rajasthan Gazette of the following translation in the English language of Rajasthan Vitt Adhiniyam, 2019 (2019 KaAdhiniyam Sankhyanlt 20):-

(Authorised English Translation)

EXTRACT OF THE RAJASTHAN FINANCE ACT, 2019

(Act No. 20 of 2019)

(Received the assent of the Governor on the 20th day of August, 2019)

An

Act

further to amend the Rajasthan Value Added Tax Act, 2003, the Rajasthan Goods and Services Tax Act, 2017, the Rajasthan Electricity (Duty) Act, 1962, the Rajasthan Stamp Act, 1998 and the Rajasthan Motor Vehicles Taxation Act, 1951, in order to give effect to the financial proposals of the State Government for financial year 2019-20 and to make certain other provisions.

Be it enacted by the Rajasthan State Legislature in the Seventieth Year of the Republic of India, as follows:-

CHAPTER I

PRELIMINARY

1. Short title.- This Act may be called the Rajasthan Finance Act, 2019.

2. Declaration under section 3, Rajasthan Act No. 23 of 1958.- In pursuance of section 3 of the Rajasthan Provisional Collection of Taxes Act, 1958 (Act No. 23 of 1958) it is hereby declared that it is expedient in the public interest that provisions of clauses 3, 8 and 9 of this Bill shall have immediate effect under the said Act.

CHAPTER II

AMENDMENT IN THE RAJASTHAN VALUE ADDED TAX ACT, 2003

3. Amendment of section 2, Rajasthan Act No. 4 of 2003.- In clause (36) of section 2 of the Rajasthan Value Added Tax Act, 2003 (Act No. 4 of 2003), after the existing ' Explanation III, the following Explanation IV shall be added, namely:-

"Explanation IV.- The amount received or receivable by oil companies for the sale of diesel and petrol to the retail outlets in the State shall be deemed to be equivalent to the price on which the retail outlets sell these commodities to the consumer;".

Mahavir Prasad Sharma

Principal Secretary to the Government