Chapter III AMENDMENTS TO THE MAHARASHTRA VALUE ADDED TAX ACT, 2002

In section 2 of the Maharashtra Value Added Tax Act, 2002 (hereinafter, in this Chapter, referred to as “the ValueAdded Tax Act”),—

1. (1) in clause(20), afterExplanation I, the followingExplanation shall be inserted, namely:— “Explanation—IA.—Purchase price shall not include the amount of service tax levied or leviable under the Finance Act, 1994 and collected separately by the seller.”;
2. (2) in clause (25), afterExplanationI, the followingExplanation shall be inserted, namely:— “Explanation—IA.—Sale price shall not include the amount of service tax levied or leviable under the Finance Act, 1994 and collected separately from the purchaser.”.

In section 20 of the Value Added Tax Act,—

1. (1) in sub-section(4), in the proviso, for the words “the aforesaid clauses” the words, brackets and letters “clause(a) or, as the case may be, clause (b),” shall be substituted;
2. (2) in sub-section(6), for the words “two thousand” the words “one thousand” shall be substituted.