EXTRAORDINARY

PUBLISHED BY AUTHORITY

No. 1740, CUTTACK, TUESDAY, SEPTEMBER 18, 2018/ BHADRA 27, 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)

Act, 2018.

(2) It shall come into force on such date as the State Government may, by

notification, appoint.

2. In section 77 of the Odisha Value Added Tax Act, 2004, in sub-section

(7), for the words “three years” wherever they occur, the words “four years”

shall be substituted.

Amendment

of section 77.

Odisha Act

4 of 2005.

Short title and

commencement.

.

2

STATEMENT OF OBJECTS AND REASONS

1.

The Odisha Value Added Tax Act, 2004 has been enforced in the State with

effect from the 1^st 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

Printed and published by the Director, Printing, Stationery and Publication, Odisha, Cuttack-10

Ex. Gaz. 1217-173+12