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Notification about accepting cash payment.


 Notice Date : 12 November 2016

FINANCE DEPARTMENT

Madam Cama Marg, Hutatma Rajguru Chowk,

Mantralaya Mumbai 400 032,

dated the 12th November 2016

NOTIFICATION

MAHARASHTRA VALUE ADDED TAX ACT, 2000.

No. VAT. 1516/CR-153/Taxation-1.– Whereas, the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra Value Added Tax Rules, 2005 and to dispense with the condition of previous publication thereof under the proviso to sub-section (4) of section 83 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005).

Now, therefore, in exercise of the powers conferred by sub-sections (1), (2) and (3) read with the proviso to sub-section (4) of section 83 of the said Act, and of all other powers enabling it in this behalf, the Government of Maharashtra hereby makes the following rules further to amend the Maharashtra Value Added Tax Rules, 2005, as follows, namely :—

1. (1) These rules may be called the Maharashtra Value Added Tax (Sixth Amendment) Rules, 2016.

(2) These rules shall come into force with effect from the 12th November 2016.

2. In rule 45A of the Maharashtra Value Added Tax Rules, 2005, after clause (b), the following proviso shall be inserted, namely :—

“Provided that, the said dealers may also pay the amount under clause (a), during the period the bank notes of existing series of denomination of the value of five hundred rupees and one thousand rupees ( hereinafter referred to as “the specified bank notes”) are permissible to be the legal tender by the Central Government by notification under sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 ( 2 of 1934 ), for making payment towards tax, interest and penalty, by way of cash including specified bank notes in the said Banks.”.

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

D. K. JAIN,

Additional Chief Secretary to Government.

 

Guest
on 16 November 2016
Notification No : 1516/CR-153/Taxation
Published in VAT
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