Vidhi Codex

The Meghalaya Value Added Tax Act, 2003

The Meghalaya Value Added Tax Act, 2003

Tax2003117 sections12 chapters

The Meghalaya Value Added Tax Act, 2003, establishes a comprehensive framework for the levy and collection of Value Added Tax (VAT) on the sale and purchase of goods within the state. It replaces older sales and purchase tax laws to modernize tax administration. The Act mandates that dealers register, maintain accurate accounts, and issue tax invoices. It introduces the concept of "Input Tax Credit," allowing businesses to offset tax paid on purchases against tax collected on sales, thereby preventing double taxation. For citizens and business owners, it ensures transparency in tax collection, defines penalties for evasion, and provides a structured mechanism for appeals and dispute resolution.

Start reading →Read full ActSections

Chapter I PRELIMINARY →

  1. 1Short title extent and commencement
  2. 2Definitions

Chapter II INCIDENCE AND LEVY OF TAX →

  1. 3Incidence Tax
  2. 4Tax payable by a dealer or a person
  3. 5Levy of Value Added Tax on goods specified in the Schedule appended to this Act:-
  4. 6Purchase tax payable on purchase of certain goods
  5. 7Levy of tax on containers and packing materials
  6. 8Exemption
  7. 9Output Tax
  8. 10Input tax
  9. 11Input tax credit
  10. 12Reverse tax credit
  11. 13Net tax credit
  12. 14Input tax credit exceeding tax liability
  13. 15Adjustment of input tax credit
  14. 16Burden of proof
  15. 17Levy of presumptive tax on registered retailers
  16. 18Net tax payable by the dealer
  17. 19Stock brought forward during transition
  18. 20Credit and debit notes:

Chapter III LIABILITY IN SPECIAL CASES →

  1. 21Liability to pay in case of death
  2. 22Certain agents liable to tax for sales on behalf of principal
  3. 23Liability of partners
  4. 24Amalgamation of companies

Chapter IV TAXING APPELLATE AND REVISIONAL AUTHORITIES ANDENFORCEMENT BRANCH →

  1. 25Sales tax authorities
  2. 26Delegation of Commissioner’s powers
  3. 27Appellate Authority
  4. 28Revisional Authority
  5. 29Appellate Tribunal
  6. 30Enforcement Branch

Chapter V REGISTRATION OF DEALER AND DEMAND OF SECURITY ETC. →

  1. 31Compulsory registration of dealers
  2. 32Voluntary registration of dealer
  3. 33Security to be furnished:-
  4. 34Imposition of penalty for failure to get registered

Chapter VI RETURN AND PAYMENT OF TAX, ASSESSMENT ETC →

  1. 35Periodical return and payment of tax and interest
  2. 36Return defaults
  3. 37Collection of tax only by registered dealers
  4. 38Rounding off of the amount of tax or penalty
  5. 39Security of Return
  6. 40Interest payable by dealer
  7. 41Interest
  8. 42Power to with hold refund in certain cases
  9. 43Exemption of certain sales and purchase
  10. 44Composition of tax
  11. 45Assessment
  12. 46Assessment of tax payable by dealer other than registered dealers
  13. 47Assessment of dealer who fails to get himself registered
  14. 48Payment of tax and penalty:-The amount of tax
  15. 49Refund
  16. 50Provisional refund
  17. 51Rectification of assessment
  18. 52Tax Audit
  19. 53Self assessment
  20. 54Provisional assessment
  21. 55Audit assessment
  22. 56Assessment of dealers who fails to get himself registered
  23. 57No assessment after five year
  24. 58Turnover escaping Assessment
  25. 59Exclusion of time period for assessment:-
  26. 60Special mode of recovery:-
  27. 61Collection of tax by dealer
  28. 62Sales not liable to tax
  29. 63Tax to the first charge on property
  30. 64Period of limitation of recovery for tax:

Chapter VII APPEAL REVISION AND REVIEW →

  1. 65Appeal against assessment
  2. 66Suo moto revision and revision by Commissioner upon application
  3. 67Review of order
  4. 68Appeal to the High Court:
  5. 69Appeal to the Appellate Tribunal
  6. 70Revision to High Court
  7. 71Hearing of revision and Review by the High Court
  8. 72Burden of proof
  9. 73Persons appointed under section 25 and members of Appellate Tribunal to be public servants
  10. 74Identity of Government Servants:-

Chapter VIII MEASURES TO REGULATE TRANSPORT OF GOODS →

  1. 75Restriction on movement of goods
  2. 76Erection of check post
  3. 77Transit of goods by road through the State and issue of transit pass
  4. 78Automation
  5. 79Power to collect statistics
  6. 80Registration of transporters
  7. 81Maintenance of accounts by transporter, carrier or transporting agent
  8. 82Inspection, search and seizure of records or documents
  9. 83. Surveys

Chapter IX Accounts, Inspection, search and seizure and power to call for information →

  1. 84Inspection, Search Seizure
  2. 85Disposal of seized goods
  3. 86Audit of accounts
  4. 87Dealer to declare the name of his business manager
  5. 88Compulsory issue of tax invoice, cash memo or bill
  6. 89Electronic record

Chapter X OFFENCES AND PENALTIES →

  1. 90Offences
  2. 91Penalties
  3. 92Offences by Companies
  4. 93Cognizance of offences
  5. 94Imposition of fine
  6. 95Investigation of offence
  7. 96Compounding of offence
  8. 97Remission

Chapter XI MISCELLANEOUS →

  1. 98Power of taking evidence on oath, etc
  2. 99Returns etc. to be confidential
  3. 100Disclosure of information required under Section 79 and failure to furnish information or return under that section
  4. 101Publication and disclosure of information respecting dealers and other persons in public interest.
  5. 102Statement to be furnished by dealer, transporter, owner or lessee of warehouse, etc:
  6. 103Information to be furnished by dealers regarding changes of business:-If any dealers:
  7. 104Statement, accounts or declarations to be furnished by dealers
  8. 105Information to be furnished by dealers in respect of transfer of goods otherwise than by way of sales:-
  9. 106Special provisions relating to deduction of tax at source
  10. 107Application of the Meghalaya Land Revenue Regulation Act for Recovery of tax recoverable as arrear of land revenue:-
  11. 108Bar to proceeding in Civil courts
  12. 109Power of State Government to prescribed rates of fees
  13. 110Application of Section 4 and 12 if Limitation Act
  14. 111Appearance before any authority in proceedings
  15. 112Power of State Government to amend schedules
  16. 113Power of State Government to make rules
  17. 114Power of State Government to remove difficulties
  18. 115Clearance certificate

Chapter XII Transition, repeal and savings →

  1. 116Transition
  2. 117Repeal and savings

PDF: pending for this language.