Amendment of section 47 of Mah. IX of 2005

In section 47 of the Value Added Tax Act,—

1. (1) in sub-section(1),—
   • (a) for the word “Court” the words “Court, Tribunal ” shall be substituted;
   • (b) for the words “ending on the date of the order,” the words “ending on the date, as opted by the company, to be the date of the order or the date on which the Registrar of Companies notifies the amalgamation,” shall be substituted;
2. (2) in sub-section (2), for the words “the date of the said order” in both the places where they occur, the words“such date, as opted by the company under sub-section (4A) of section 44” shall be substituted;
3. (3) in sub-section(2A),—
   • (a) in clause (a),—
     • (i) for the word, “Court” the words “Court, Tribunal ” shall be substituted;
     • (ii) for the words “order to the date of the order” the words “order to the date, as opted by the company, to be the date of the order or the date on which the Registrar of Companies notifies the demerger” shall be substituted;
   • (b) in clause (b), for the words “ the date of the said order” wherever they occur, the words “such date, as opted by the company under sub-section (4A) of section 44” shall be substituted.