Amendment of section 41 of Mah IX of 2005

Amendment of section 41 of Mah IX of 2005.

47. In section 41 of the Value Added Tax Act, for sub-section (4), the following sub-section shall be substituted and shall be deemed to have been substituted with effect from the 1st April 2005, namely :—

“(4) Subject to such conditions as it may impose, the State Government may, by notification in the Official Gazette, provide for exemption from the payment of full or part of the tax payable,—

1. (a) on the sales of motor spirits and petroleum products made by an oil company to another oil company;
2. (b) on sales at retail outlets of motor spirits, other than aviation turbine fuel and aviation gasoline. Explanation.—For the purposes of this sub-section, motor spirits and petroleum products shall mean such products as the State Government may, notify from time to time, in the Official Gazette.”.