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The Assam Value Added Tax Act, 2003. Notifications - History
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Body NOTIFICATION No. FTX.29/2003/367 Dated 12th February, 2021

In exercise of the powers conferred by sub-section (1) of section 54 of the Assam Value Added Tax Act, 2003 (Assam Act No. VIII of 2005), the Government of Assam, is hereby grant, in public interest, partial exemption to the oil companies, covered by sub rule (1) of rule 8 of the Assam Value Added Tax Rules, 2005 from payment of tax payable on "Diesel" and "petrol and other motor spirits" sold within the State of Assam, at the rate of rs.5.00 (five rupees) only per litre.

This partial Exemption from payment of tax payable is subject to the condition that the retail price of such "Diesel" and "petrol and other motor spirits" shall be reduced by such oil companies by Rs.5.00 (five rupees) only per litre.

This notification shall be deemed to have come into force with effect from 00.00 hours of 13th day of February, 2021.

SAMIR KUMAR SINHA,

Principal Secretary to the Government of Assam,

Finance Department.