CONTENTS

MEGHALAYA VALUE ADDED SALES TAX BILL, 2002

INDEX

1. Short title, extent and commencement

INCIDENCE AND LEVY OF TAX

2. Date of liability

3. Continuation of liability

4. Re‑commencement of liability

5. Taxable quantum

8. Input tax credit

9. Reverse tax credit

10. Net tax credit

11. Input tax credit exceeding tax liability

12. Net tax payable by the dealer

13. Stock brought forward during transition

14. Credit and Debit notes

TAXING APPELLATE AND REVISIONAL AUTHORITIES

AND ENFORCEMENT BRANCH

15. Sales Tax Authorities

16. Delegation of Commissioner's powers

17. Appellate authority

18. Revisional authority

19. Enforcement Branch

REGISTRATION OF DEALER AND DEMAND OF SECURITY ETC.

20. Compulsory registration of dealers

21. Security to be furnished

RETURN AND PAYMENT OF TAX, ASSESSMENT ETC.

22. A. Periodical return and payment of tax and interest

23. Interest payable by dealer

25. Assessment of tax payable by dealer other than registered dealers

26. Payment of tax and penalty

28. Rectification of Assessments

APPEAL, REVISION AND REVIEW

29. Appeal against assessment

30. Suo motu revision by the Commissioner

31. Revision by Commissioner upon application

32. Review of order

MEASURES TO REGULATE TRANSPORT OF GOODS

33. Restriction on movement of goods

34. Erection of check posts

35. Registration of transporters

36. Maintenance of accounts by transporter, carrier or transporting agent

37. Inspection, search and seizure of records or documents

ACCOUNTS, INSPECTION, SEARCH AND SEIZURE AND POWER TO CALL FOR INFORMATION

39. Disposal of seized goods

40. Compulsory issue of tax invoice, cash memo or bill

OFFENCES AND PENALTIES

42. Compounding of offences

MISCELLANEOUS

44. Power of taking evidence on oath, etc.

45. Indemnity of Govt. Servant

46. Returns etc. to be confidential

47. Statement to be furnished by dealer, transporter, owner or lessee of warehouse, etc.

48. Information to be furnished by dealers regarding changes of business

49. Statements, accounts or declarations to be furnished by dealers

50. Information to be furnished by dealers in respect of transfer of goods otherwise than by way of sale

51. Special provisions relating to deduction of tax at source

52. Application of the Meghalaya Land Revenue Regulation Act for recovery of tax recoverable as arrear of land revenue

53. Bar to proceeding in Civil Courts

54. Power of State Government to prescribe rates of fees

55. Power of State Government to amend schedules

56. Power of State Government to make rules

57. Power of State Government to remove difficulties

58. Clearance Certificate

TRANSITION, REPEAL AND SAVINGS

60. Repeat and savings