PANJIM, FEB 1
The Goa Legislative Assembly on Tuesday introduced the Goa Town and Country Planning (Amendment) Bill, 2011 and the Goa Value Added Tax (Fifth Amendment) Bill, 2011.
The Bill envisages amendment to sub-section (2) of section 45 of the Goa, Daman and Diu Town and Country Planning Act, 1974 (Act 21 of 1975) for raising the maximum limit of fee to be accompanied while filing an appeal before the TCP Board. This will lead to more revenue collection as the Bill envisages a fee of Rs 10,000 from the present Rs 500. It makes a case for increase of the fee as the present one was inadequate.
Among the many things the Goa Value Added Tax (Fifth Amendment) Bill, 2011 seeks to achieve is the insertion of a new sub-section (9) to section 3 of the Goa Value Added Tax Act, 2005 (Act 9 of 2005) so that those selling goods at exhibitions are liable to pay tax on taxable sales.
It seeks to substitute sub-section (6) of section 9 of the Act with a new sub-section to make provision relating to input tax credit more effective and also to allow the input tax credit on capital goods.
House brings in two Bills
PANJIM, FEB 1 The Goa Legislative Assembly on Tuesday introduced the Goa Town and Country Planning (Amendment) Bill, 2011 and the Goa Value Added Tax (Fifth Amendment) Bill, 2011. The Bill envisages amendment to sub-section (2) of section 45 of the Goa, Daman and Diu Town and Country Planning Act, 1974 (Act 21 of 1975) for raising the maximum limit of fee to be accompanied while filing an appeal before the TCP Board.
