Amendment of section 44 of Mah. IX of 2005

In section 44 of the Value Added Tax Act, after sub-section(4), the following sub-section shall be inserted, namely:— “(4A)For the purposes of this Act, in case of amalgamation, merger or, as the case may be, demerger, the transfer of business shall be deemed to have taken effect either from,

1. (i) the date of the order of the High Court, the Tribunal or the Central Government, or
2. (ii) the date on which the Registrar of Companies notifies the amalgamation, merger or as the case may be, demerger, as opted by the company.”.