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Home Acts & Rules Bill Bills FINANCE BILL, 2016 Chapters List Part XII PART II - AMENDMENT TO THE CENTRAL SALES TAX ACT, 1956 This

Clause 221 - Amendment of Act 74 of 1956 - FINANCE BILL, 2016

FINANCE BILL, 2016
Part XII
PART II - AMENDMENT TO THE CENTRAL SALES TAX ACT, 1956
  • Contents

PART II

AMENDMENT TO THE CENTRAL SALES TAX ACT, 1956

Amendment of Act 74 of 1956

221. In the Central Sales Tax Act, 1956, in section 3, after Explanation 2, the following Explanation shall be inserted, namely:-

“Explanation 3.-– Where the gas sold or purchased and transported through a common carrier pipeline or any other common transport or distribution system becomes co-mingled and fungible with other gas in the pipeline or system and such gas is introduced into the pipeline or system in one State and is taken out from the pipeline in another State, such sale or purchase of gas shall be deemed to be a movement of goods from one State to another.”.

 



 

Notes on Clauses:

Clause 221 of the Bill seeks to amend section 3 of the Central Sales Tax Act, 1956 so as to insert an Explanation 3 therein to provide that where the gas sold or purchased and transported through a common carrier pipeline or any other common transport or distribution system becomes co-mingled and fungible with other gas in the pipeline or system and such gas is introduced into the pipeline or system in one State and is taken out from the pipeline in another State, such sale or purchase of gas shall be deemed to be a movement of goods from one State to another.

 
 
 
 

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