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TMI BlogMVAT Rules (Amendment )2017X X X X Extracts X X X X X X X X Extracts X X X X ..... isfied 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) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... having paid the required amount as per sub-section (6A) or, as the case may be, sub-section (6B) of section 26,". 3. In rule 52A of the principal Rules, after sub-rule (2) the following sub-rule shall be inserted, namely : -- "(3) Contrary to the provisions of sub-rule (1) and sub-rule (2),for the period starting from the 1st April 2016 onwards,-- (a) if the dealer has claimed set-off as per p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... this rule.". 5. In rule 53 of the principal Rules,-- (1) for sub-rule (5), the following sub-rule shall be substituted, namely :-- "(5) (a) If the business, in which the dealer is engaged is discontinued and is not transferred or, otherwise disposed of and is not continued by any other person, or, if the registration of a dealer is deemed to be cancelled as per the provision of sub-section (6A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... per section 42 or 43 during the previous year but opts for the composition scheme provided under the Goods and Services Tax Act, then in such cases the set-off on the purchases (not being purchases treated as capital assets) corresponding to the goods held in stock as on the date immediately preceding the date of commencement of the Goods and Services Tax Act shall be disallowed and accordingly b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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