Amendment of section 13 of the Value Added Tax Act, 2005.-(1) Sub-section

Tax201726 sections

Statutory text

(1) of section 13 of the Value Added Tax Act shall be deleted and the existing sub-sections
(2) and (3) shall be re-numbered as (1) and (2) respectively.
(2) Clause (a) of sub-section (2) of section 13 of the Value added Tax Act shall be substituted by the following namely:- “(a) The tax on sale of goods shall be levied at such point or points in a series of sales in the State as a State Government may, by notification, specify.”
(3) The words and comma “specified in schedule IV,” after the words “sale of goods” in clause (b) of sub-section (2) of section 13 of the Value added Tax Act shall be deleted.
(4) The words and comma “in respect of any goods specified in schedule IV,” after the words “the State Government specifies” in clause (c) of sub-section (2) of section 13 of the Value added Tax Act shall be deleted. 11. Amendment of section 14 of the Value Added Tax Act, 2005.-Section 14 of the Value Added Tax Act shall be substituted by the following, namely:- “14. Tax shall be payable on the sale price of the goods at the rate not below ten percent and not exceeding fifty percent and subject to such conditions and restrictions, as the State Government may, by notification specify.”

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