The State Government of Jharkhand on November 19, 2020 has issued Jharkhand Value Added Tax (Amendment) Act, 2020 by amending Jharkhand Value Added Tax Act, 2005 in the following manner:-
• In Section 35 (8) on Assessment and self Assessment, a proviso shall be added, namely:- “Further provided that for the assessment year 2016-17, the assessment under subsection (6) shall be made until 31st August, 2020."
• In Section 39(1) on, No Assessment after five years, a proviso shall be added, namely:-
“Provided that for the assessment year 2014-15, the assessment under Section 37 or 38 can also be made after the expiry of five years till 31st August, 2020.”
• In Section 40(4) on Turnover escaping Assessment, a proviso shall be added, namely:-
“Provided that for the assessment year 2014-15 or part thereof, the assessment or re-assessment under sub-section (1) of Section 40 can also be made after the expiry of five years till 31st August, 2020.”
• In Section 42(1) on Power of Reassessment in certain Cases, a proviso shall be added, namely:-
“Provided that the prescribed authority may proceed to reassess the tax payable by the dealer in accordance with such judgment or order, which was to be reassessed until 31st March, 2020, till 31st August, 2020”
• (2) In Section 42 (2), a proviso shall be added, namely:-
“Provided that, where any Court or Tribunal passes an order in appeal or revision to the effect that any tax assessed under this Act or the Central Sales Tax Act, 1956 should have been assessed under the provision of a law other than that under which it was assessed, then in consequence of such order or to give effect to any finding or direction contained in such order such turnover and part thereof, may be assessed or reassessed, as the case may be, to a tax at which it was to be assessed or reassessed notwithstanding the applicable limitation period until 31st March, 2020, till 31st August, 2020.”
• In Section 79(7) on Appeal, a proviso shall be added, namely:-
“Provided that order under this section can be made, which was to be made until 31st March, 2020, till 31st August, 2020”
The Jharkhand Value Added Tax (Amendment) Ordinance, 2020 is hereby repealed.
[Notification No.: 24/2017-386]
