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Panaji, 16th December, 2022 (Agrahayana 25, 1944)

SERIES I No. 37

Reg. No. RNP/GOA/32/2021-2023

RNI No. GOAENG/2002/6410

PUBLISHED BY AUTHORITY

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

GOVERNMENT OF GOA

Department of Finance

Revenue & Control Division

—

Notification

38/1/2017-Fin(R&C)(240)/2017

In exercise of the powers conferred by

section 164 of the Goa Goods and Services

Tax Act, 2017 (Goa Act 4 of 2017), the

Government of Goa, on the recommendations

of the Council, hereby makes the following

rules further to amend the Goa Goods and

Services Tax Rules, 2017, namely:—

1. Short title and commencement.— (1)

These rules may be called the Goa Goods

and Services Tax (Fourth Amendment) Rules,

2022.

(2) They shall be deemed to have come

into force with effect from 1st day of

December, 2022.

2. In the Goa Goods and Services Tax Rules,

2017,—

(a) rule 122 shall be omitted;

(b) rules 124 and 125 shall be omitted;

(c) in rule 127,-

i. in the marginal heading, for the word

“Duties”, the word “Functions”, shall be

substituted;

ii. for the words “It shall be the duty

of the Authority,-”, the words “The

authority shall discharge the following

functions, namely:-” shall be substituted;

(d) rule 134 shall be omitted;

(e) rule 137 shall be omitted;

(f) after rule 137, in the Explanation, for

clause (a), the following clause shall be

substituted, namely:—

‘(a) “Authority” means the Authority

notified under sub-section (2) of section

171 of the Act;’.

By order and in the name of the Governor

of Goa.

Pranab G. Bhat, Under Secretary, Finance

(R&C).

Porvorim, 15th December, 2022.

———

Debt Management Division

__

Notification

5-1-2022-Fin(DMU)

Government of Goa hereby notifies the sale

of Goa Government Stock (Securities) of

10-year tenure for an aggregate amount of

Rs. 100.00 crore (Nominal). The sale will be

subject to the terms and conditions spelt out

in this notification (called specific notification)

as also the terms and conditions specified in

the General Notification No. 1-45-2005/Fin

(DMU)/572 dated April 25, 2017 of

Government of Goa.

EXTRAORDINARY

No. 2

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 37

(EXTRAORDINARY No. 2)

16TH DECEMBER, 2022

1202

Object of the Loan

1. (i) The proceeds of the loans will be

utilized for financing capital expenditure

in connection with the development

programmes of the Government of Goa.

(ii) Consent of Central Government has

been obtained to the floatation of this loan as

required by Article 293(3) of the Constitution

of India.

Method of issue

2. Government stock will be sold through

the Reserve Bank of India, Mumbai Office

(PDO) Fort, Mumbai - 400 001 by auction in

the manner as prescribed in paragraph 6.1

of the General Notification No. 1-45-2005/Fin

(DMU)/572 dated April 25, 2017 at a coupon

rate to be determined by the Reserve Bank

of India at the yield based auction under

multiple price formats.

Allotment to Non-competitive Bidders

3. The Governments stock up to 10% of the

notified amount of the sale will be

allotted to eligible individuals and institutions

subject to a maximum limit of 1% of the

notified amount for a single bid as per the

Revised Scheme for Non-competitive Bidding

Facility in the Auctions of State Government

Securities of the General Notification

(Annexure II).

Place and Date of Auction

4. The auction will be conducted by the

Reserve Bank of India, at its Mumbai Office,

Fort, Mumbai 400 001 on December 20, 2022.

Bids for the auction should be submitted in

electronic format on the Reserve Bank of

India Core Banking Solution (E-Kuber) system

as stated below on December 20, 2022.

(a) The competitive bids shall be

submitted electronically on the Reserve

Bank of India Core Banking Solution

(E-Kuber) system between 10:30 a.m. to

11:30 a.m.

(b) The non-competitive bids shall be

submitted electronically on the Reserve

Bank of India Core Banking Solution

(E-Kuber) system between 10:30 a.m. to

11:00 a.m.

Result of the Auction

5. The result of the auction shall be

displayed by the Reserve Bank of India

on its website on the same day. The

payment by successful bidders will be on

December 21, 2022.

Method of Payment

6. Successful bidders will make payments

on December 21, 2022 before close of

banking hours by means of cash, bankers’

cheque/pay order, demand draft payable at

Reserve Bank of India, Mumbai/Mumbai or a

cheque drawn on their account with Reserve

Bank of India, Mumbai (Fort)/Mumbai.

Tenure

7. The stock will be of 10-year tenure.

The tenure of the stock will commence on

December 21, 2022.

Date of Repayment

8. The loan will be repaid at par on

December 21, 2032.

Rate of Interest

9. The cut-off yield determined at the

auction will be the coupon rate percent per

annum on the stock sold at the auction.

The interest will be paid on June 21 and

December 21.

Eligibility of Securities

10. The investment in Government Stock

will be reckoned as an eligible Investment in

Government Securities by banks for the

purpose of Statutory Liquidity Ratio (SLR)

under section 24 of the Banking Regulation

Act, 1949. The stocks will qualify for the ready

forward facility.

By order and in the name of the Governor

of Goa.

Dr. V. Candavelou, Principal Secretary

(Finance).

Porvorim, 15th December, 2022.

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