The Government of Himachal Pradesh on February 25, 2025, notified regarding the Himachal Pradesh Value Added Tax (Amendment) Act, 2024, to further amend the Himachal Pradesh Value Added Tax Act, 2005.
The following has been stated namely: -
• In section 21, sub-section 8, the proviso shall be substituted, namely:—“Provided that the Assessing Authority may, with the prior approval of the Joint Commissioner, State Taxes and Excise (Taxpayer Services, Enforcement and Allied Taxes) of the concerned Zone, extend the date of such payment, but not for more than ninety days, or allow payment by monthly installments not exceeding three, against an adequate security or a bank guarantee’’.
• In section 51, sub-section (1), shall be substituted with:- “(1) The Commissioner or any other officer not below the rank of Assistant Commissioner (GST and Allied Taxes) of the concerned circle may, either before or after the institution of proceedings for any offence punishable under section 50 or under any rule made under this Act, accept from any person accused of such offence by way of composition of offence a sum of money equal to double the amount of tax which would have been payable on the turnover of sales or purchases to which the said offence relates, whichever is greater”.
Detailed notification is attached below.
[Notification no. L.L.R. D.(6)-33/2024-Leg]
