SEARCH

Puducherry Assembly passes VAT Amendment Bill 2008

print   ·   T  T  
Taxing session: Chief Minister V. Vaithilingam speaking at the Assembly in Puducherry on Monday. Deputy Speaker A.V. Sreedharan is in the picture.
Taxing session: Chief Minister V. Vaithilingam speaking at the Assembly in Puducherry on Monday. Deputy Speaker A.V. Sreedharan is in the picture.

Staff Reporter

Prevention of Anti-Social Activities Bill, 2008 introduced in the session

PUDUCHERRY: The Puducherry Assembly on Monday passed the Puducherry Value Added Tax (Second Amendment) Bill, 2008. The amendment has enhanced the rate of tax from 0.25 per cent to 0.50 per cent, thereby bringing in additional revenue of Rs.Six crore for the next six months for the government.

Replying to a debate on the bill, Chief Minister V. Vaithilingam assured the Assembly that the amendment for increasing the rate of tax would not affect the public in any way. “The amendment would bring in a revenue of Rs.Six crore for six months, with a crore for each month for the government. It is a rotation tax and will not be passed on to the consumers. The amendment will not affect the people, he reiterated.

The Bill was moved to fix the threshold limit for registration and levy under the Act at Rs.Five lakh for dealers making inter-State purchases and Rs.10 lakh for those making local purchases. It sought to rationalise the threshold limit for registration and levy in line with neighbouring States especially Tamil Nadu.

The rate of tax was increased with restriction to allow the composition scheme only to those dealers effecting second and subsequent sales within the Union Territory.

He said that the vacancies in the Commercial Taxes department would be filled as soon as possible, as the official strength in the department for collection of taxes was not adequate. A special advocate to expedite the disposal of cases with regards to payment of taxes would be appointed.

As for complaints from Members of Legislative Assembly on tax evasions by petrol and diesel bunk owners, he said that all measures to collect the taxes would be taken and there was not much pending amount in Mahe, Karaikal and Yanam regions.

Opposition Leader A.M.H. Nazeem said that monitoring measures to prevent tax evasions was necessary so that the due revenue would reach the government.

During the one-day winter session, the Puducherry Prevention of Anti-Social Activities Bill, 2008 was introduced.


O
P
E
N

close

Recent Article in OTHER STATES

How is cess on green tea leaves utilized?

The government failed to use this money for welfare of workers, according to Asom Gana Parishad »