Goa VAT Circular
GOVERNMENT OF GOA
Department of Finance Office of the Commissioner of Commercial Taxes
Notification No. CCT/12-2/12-13/5655
Whereas, sub-section (3) of Section 29 of the Goa Value Added Tax Act, 2005 (Goa Act 9 of 2005) (hereinafter referred to as the said Act), inter alia, provides that no assessment under that section for any year shall be made after a period of two years from the end of the year to which the return under Section 24 is submitted by a dealer.
And whereas, the third proviso to sub-section (3) of Section 29 of the said Act provides that the Commissioner may, if it is considered necessary by him so to do, by notification published in the Official Gazette, extend the period specified in that sub-section by a further period not exceeding one year.
And whereas, considering that the some of the department officers/officials remained pre-occupied with exigencies of other important matters and also there is shortage of manpower, I am satisfied that there is a genuine need to extend the limitation period further for completion of targeted number of assessments for the year 2010-11, beyond 31-03-2013.
I, therefore, in exercise of the powers conferred by the third proviso to sub-section (3) of Section 29 of the said Act, hereby extend the period for completion of assessments of the financial year 2010-11 by another six months beyond 31st March, 2013. All assessments for the year 2010-11 shall, therefore, accordingly be completed on or before 30th September, 2013.
S. G. Korgaonkar, Commissioner of Commercial Taxes.
Panaji, 21st March, 2013.
