Tripura State Goods and Services Tax (Fourth Amendment) Act, 2021

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....pura State Goods and Services Tax Act, 2017. WHEREAS, the Central Government has amended the Central Goods and Services Tax Act, 2017 through Section 108 to 122 of the Finance Act, 2021 (No. 13 of 2021); AND WHEREAS, similar amendments are required to be made in the Tripura State Goods and Services Tax Act, 2017 to avoid repugnancy with the Central Act; BE it enacted by The Tripura Legislative Assembly in the seventy second year of the Republic of India as follows: Short title and commencement. 1. (1) This may be called the 'Tripura State Goods and Services Tax (Fourth Amendment) Act, 2021'; (2) Save as otherwise provided in this Act, sections 2 to 15 shall come into force on such date as the State Government may, ....

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....ection 37;". Amendment of section 35 4. In section 35 of the Tripura State Goods and Services Tax Act, sub- section (5) shall be omitted. Substitution of new section for section 44 5. For section 44 of the Tripura State Goods and Services Tax Act, the following section shall be substituted, namely :- Annual return. "44. Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person shall furnish an annual return which may include a self-certified reconciliation statement, reconciling the value of supplies declared in the return furnished for the financial year, with the audited annual financial state....

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....ices Tax Act, in Explanation 1, in clause (ii), for the words and figures "sections 122, 125, 129 and 130", the words and figures "sections 122 and 125" shall be substituted. Amendment of section 75 8. In section 75 of the Tripura State Goods and Services Tax Act, in sub-section (12), the following Explanation shall be inserted, namely :- - 'Explanation .- For the purposes of this sub-section, the expression "self-assessed tax" shall include the tax payable in respect of details of outward supplies furnished under section 37, but not included in the return furnished under section 39.'. Amendment of section 83 9. In section 83 of the Tripura State Goods and Services Tax Act, for sub-section (1), the following sub....

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....hundred per cent. of the tax payable on such goods, whichever is higher, and in case of exempted goods, on payment of an amount equal to five per cent. of the value of goods or twenty-five thousand rupees, whichever is less, where the owner of the goods does not come forward for payment of such penalty;"; (ii) sub-section (2) shall be omitted; (iii) for sub-section (3), the following sub-section shall be substituted, namely :- "(3) The proper officer detaining or seizing goods or conveyance shall issue a notice within seven days of such detention or seizure, specifying the penalty payable, and thereafter, pass an order within a period of seven days from the date of service of such notice, for payment of penalty un....