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Taxation Assam Ministry of Finance Assam Value Added Tax Act, 2003

Partial Exemption to Oil Companies of Tax Payment of Tax Payable on Retail Sale Other than Institutional Buyers on Diesel Sold within State of Assam

04-Jun-2024 | 262261/132

Finance (taxation) Department grants partial exemption to the Oil Companies, covered by rule 8(1) of the Assam Value Added Tax Rules, 2005 from payment of tax payable on retail sale (other than Institutional Buyers) of Diesel sold within the State of Assam, at the rate of Rs. 1.50 (one rupee fifty paisa) only per litre wherein: 1. The partial exemption is, subject to the condition that the payment of tax should not fall below the minimum tax per litre as specified in entry serial no. 3 of the Fourth Schedule. 2. This notification supersedes the earlier notification eCF No. 262261/112 dated 12th July 2023 except as respect the things done or omitted to be done before such withdrawal.

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