EXTRAORDINARY
PUBLISHED BY AUTHORITY
No. 1740, CUTTACK, TUESDAY, SEPTEMBER 18, 2018/ BHADRA 2 7, 1940
SECRETARIAT
OF
THE ODISHA LEGISLATIVE ASSEMBLY
NOTIFICATION
The 18th September, 2018
No.8816/L.A.— The following Bill which has been introduced in the Odisha Legislative Assembly on the 17th September, 2018 is herewith published under Rule-68 of the Rules of Procedure and Conduct of Business in the Odisha Legislative Assembly for general information.
THE ODISHA VALUE ADDED TAX (AMENDMENT) BILL, 2018
A
BILL
FURTHER TO AMEND THE ODISHA VALUE ADDED TAX ACT, 2004.
BE it enacted by the Legislature of the State of Odisha in the Sixty-ninth Year of the Republic of India as follows:—m
1. (1) This Act may be called the Odisha Value Added Tax (Amendment) Short title and commencement. .
Act, 2018.
(2) It shall come into force on such date as the State Government may, by notification, appoint.
Odisha Act Amendment
2. In section 77 of the Odisha Value Added Tax Act, 2004, in sub-section 2 STATEMENT OF OBJECTS AND REASONS 1. The Odisha Value Added Tax Act, 2004 has been enforced in the State with effect from the 1st April, 2005 by repealing the Orissa Sales Tax Act, 1947. The aforesaid Act has undergone amendment from time to time for simplification and better tax administration in the State. In the course of administration of the OVAT Act, certain operational difficulties have been noticed relating to disposal of appeal in a time bound manner.
2. Section 77 of the OVAT Act provides for disposal of Appeal cases. Prior to OVAT (Amendment) Act, 2015, there was no time limit for disposal of appeal cases.
However a time limit of three years was provided under sub-section (7) of section 77 of the OVAT Act and the said three years commenced from the enforcement of the OVAT (Amendment) Act, 2015 i.e. from the 1st October, 2015.
3. It is ascertained that some of the appeal cases pending as on 01.10.2015 may not be disposed of within the said stipulated period of three years i.e. by 30.09.2018.
Therefore, in the interest of revenue, it is felt necessary and accordingly proposed to enhance the said time limit from three years to four years wherever it occurs in sub- section (7) of section 77 for disposal of all pending appeals.
The Bill seeks to achieve the above objectives.
SHASHI BHUSAN BEHERA
Member–in-Charge
A.K. SARANGI
SECRETARY
ODISHA LEGISLATIVE ASSEMBLY