Assam Taxation (Liquidation of Arrear Dues) (Amendment) Act, 2019

No: 18 Dated: Dec, 31 2019

THE ASSAM TAXATION (LIQUIDATION OF ARREAR DUES) (AMENDMENT) ACT, 2019

ASSAM ACT NO. XVIII OF 2019

    An Act further to amend the Assam Taxation (Liquidation of Arrear Dues) Act, 2005.

    Preamble:- Whereas it is expedient further to amend the Assam Taxation (Liquidation of Arrear Dues) Act, 2005, hereinafter referred to as the principal Act, in the manner hereinafter appearing;

    It is hereby enacted in the Seventieth Year of the Republic of India as follows: -

1. Short title, ntent and commencement:-(1) This Act may be called the Assam Taxation (Liquidation of Arrear Dues) Act, 2019.

(2) It shall have the like extent as the principal Act.

(3) It shall come into force at once.

2. Amendment of Preamble:- In the principal Act, for the existing Preamble, the following shall be substituted, namely: -

"Preamble Whereas it has become expedient to provide for liquidation of long outstanding dues relating to tax, penalty and interest, as the case or cases as may be, under the Assam Value Added Tax Act, 2003, the Central Sales Tax Act, 1956, the Assam Professions, Traders, Callings and Employments Taxation Act, 1947, the Assam Taxation (On Specified Lands) Act, 1990, the Assam Agricultural Income Tax Act, 1939, the Assam Electricity Duty Act, 1964 and the repealed tax Acts as referred to in sub-section (I) of section 174 of the Assam Goods and Services Tax Act, 20 17 by offering one time incentive in the form of waiver of the balance portion of qualifying arrear dues remaining after payment of the prescribed percentage of the total dues within the stipulated dateline;"

3. Amendment of Section 1:- In the principal Act, in section I, in sub-section (3), for the section 1• word, figures and punctuation mark, "31 51 March, 20 17", the word, figures and punctuation mark, "31st March, 2020" shall be substituted.