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Panaji, 29th January, 2018 (Magha 9, 1939)

SERIES I No. 43

Reg. No. G-2/RNP/GOA/32/2018-20

RNI No. GOAENG/2002/6410

PUBLISHED BY AUTHORITY

GOVERNMENT OF GOA

Department of Finance

Revenue & Control Division

——

Notification

4/5/2005-Fin(R&C)(152)

In exercise of the powers conferred by

section 83 of the Goa Value Added Tax Act,

2005 (Goa Act 9 of 2005) and all other powers

enabling it in this behalf, the Government of

Goa hereby makes the following rules so as to

further amend the Goa Value Added Tax Rules,

2005, namely:—

1. Short title and commencement.— (1)

These rules may be called the Goa Value

Added Tax (Fourteenth Amendment) Rules,

2018.

(2) They shall come into force from the date

of their publication in the Official Gazette.

2. Amendment of rule 42.— In rule 42 of the

Goa Value Added Tax Rules, 2005 (hereinafter

referred to as the “principal Rules”),—

(i) in sub-rule (1), the following proviso

shall be inserted, namely:—

“Provided that the Commissioner may, by

order, extend such date not beyond a period

of two months.”;

Suggestions are welcomed on e-mail: dir–[email protected]

EXTRAORDINARY

(ii) for sub-rule (1A), the following sub-rule

shall be substituted, namely:—

“(1A)

Notwithstanding

anything

contained in sub-rule (1), the dealer liable

to get his accounts audited as required

under sub-section (1A) of section 70, shall

transmit to the Appropriate Assessing

Authority, the audited statement of

accounts in Form VAT XV, using digital

signature, on or before the last date of the

third month immediately after the end of the

relevant year through electronic system by

using a system code availed from the

Appropriate Assessing Authority. The Audit

report shall be signed and verified by the

Chartered Accountant setting forth all the

particulars and certificates as are required

to be specified in such Form. The dealer who

transmits such audited statement of

accounts to the Appropriate Assessing

Authority shall not be liable to furnish final

accounts under rule 42A:

Provided that the Commissioner may, by

order, extend the due date of transmitting

such audited statement of accounts for a

further period not exceeding two months.”.

3. Amendment of Form VAT-XV.— In the

principal Rules, in Form VAT-XV,—

(i) in the heading, the expression “in a case

where the accounts of the business have been

audited under any other law” shall be omitted;

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 43

(EXTRAORDINARY)

29TH JANUARY, 2018

2034

(ii) for clause 1, the following clause shall

be substituted, namely:—

“1(A) *I/We report that the statutory

audit of ..............................................................

(mention name and address of the dealer/

/person) holding Tax Identification

No. ..................................................... under

Goa Value Added Tax Act, 2005 (Goa Act 9

of 2005) and registration No. ..........................

under the Central Sales Tax Act, 1956

(Central Act No. 74 of 1956) *was conducted

/is being conducted by me/us/M/s ...............

................. Chartered Accountants/*will be

conducted in pursuance of the provisions

of

section

.......................

of

..................................................... Act

........................... and a copy of our/their audit

report alongwith all the Annexures and a

copy each of the following documents is

*annexed hereto/would be furnished upon

conclusion of the said Audit:—

(a) the audited profit and loss/income

and expenditure account for year ended

on .........................................................;

(b) the audited balance sheet as at

....................................; and

(c) documents declared by the said Act

to be part of, or annexed to, the profit and

loss/income and expenditure account

and balance sheet.

(B) *I/We report that ...................................

(mention name and address of the dealer/

/person) holding Tax Identification No.

............................................................... under

Goa Value Added Tax Act, 2005 (Goa Act 9

of 2005) and registration No. ........................

under the Central Sales Tax Act, 1956

(Central Act No. 74 of 1956) is not liable for

statutory audit either under the Income Tax

Act, 1961(Central Act 43 of 1961) or under

the Companies Act, 2013 (Central Act No.

18 of 2013).”.

By order and in the name of the Governor

of Goa.

Sushama D. Kamat, Under Secretary,

Finance (R&C).

Porvorim, 29th January, 2018.

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