Mantralaya, Madam Cama Road, Hutatma Rajguru Chowk, Mumbai – 400 032, dated 16th May 2013.
MAHARASHTRA VALUE ADDED TAX ACT, 2002.
No.VAT-1512/CR-115/Taxation-l.—Whereas the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action further to amend the Maharashtra Value Added Tax Rules, 2005 and to dispense with the condition of previous publication thereof under the proviso to sub-section (4) of section 83 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005);
Now, therefore, in exercise of the powers conferred by sub-sections (1) , (2) and (3) read with the proviso to sub-section (4) of section 83 of the said Act, and of all other powers enabling it in this behalf, the Government of Maharashtra hereby, makes the following rules further to amend the Maharashtra Value Added Tax Rules, 2005, namely:—
1. These rules may be called the Maharashtra Value Added Tax (Amendment) Rules, 2013.
2. In rule 52 of the Maharashtra Value Added Tax Rules, 2005 (hereinafter referred to as “the principal Rules”), in sub-rule (1), for the words and figures “rules 53, 54 and 55” the words and figures “rules 53, 54, 55 and 55B” shall be substituted and shall be deemed to have been substituted with effect from the 15th October 2011.
3. After rule 55A of the principal Rules, the following rule shall be inserted and shall be deemed to have been inserted with effect from the 15th October 2011, namely:—
“55B. Applicability of set-off to developers and units in Special Economic Zone.—
Nothing contained in sub-rule (6) of rule 53, or as the case may be, clauses (g) and (h) of rule 54 shall be applicable to the developers and units, in processing area of the Special Economic Zone.
Explanation.—For the purposes of this rule “processing area” shall mean the processing area as demarcated under section 6 of the Special Economic Zones Act, 2005 (28 of 2005) but excluding educational institutions, hospitals, hotels, residential or commercial complexes, leisure and entertainment facilities or any other facilities allowed for authorized operations, as may be notified by the State Government, under section 50 of the said Act, for their operations and maintenance.”.
By the order and in the name of the Governor of Maharashtra,
O. C. BHANGDIYA,
Deputy Secretary to Government