Amendment of section 23 of Mah. IX of 2005

In section 23 of the Value Added Tax Act,—

1. (1) in sub-section (5),—
   • (a) in clause(a), for the words “During the course of any proceedings under this Act, if the prescribed authority is satisfied” the words “Where the prescribed authority has reason to believe” shall be substituted;
   • (b) in clause(d), after the proviso, the following proviso shall be added, namely:— “ Provided further that, in case a notice is issuedunder this sub-section on or after the 1st April 2015, no order of assessment under this sub-section shall be made after the expiry of six years from the end of the year, containing the transaction or, as the case may be, claim.”;
2. (2) in sub-section(11), for the brackets, figures and word “(3) or (4)” in both the places where they occur, the brackets, figures and words “(3),(4) or, as the case may be, (5)” shall be substituted;
3. (3) in sub-section(12), for the brackets, figures and word “(3) or(4)” the brackets, figures and words “(3),(4) or, as the case may be, (5)” shall be substituted.