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Labour Laws Assam Ministry of Finance Assam Professions, Trades, Callings and Employments Taxation Act, 1947

The Assam Professions, Trade, Callings and Employments Taxation (Amendment) Act, 2021

16-Sep-2021 | LGL.55/2005/46

The State Government of Assam has implemented the Assam Professions, Trade, Callings and Employments Taxation (Amendment) Act, 2021, effective since 9th September, 2021
1. In Section 3 (Liability to Tax) of the Assam Professions, Trade, Callings and Employments Taxation Act, 1947, a new explanation on the meaning of 'members of the Armed Forces of India'.
2. A new Section 5B has been inserted on "Deemed Registration", according to which, any person or employer who is already registered under the Assam Goods and Service Act, 2017, the Assam Value Added Tax Act, 2003, the Assam Taxation (on Specifies Lands) Act, 1990, the Assam Agricultural Income Tax Act, 1939 and the Assam Electricity Duty Act, 1964 shall be deemed to have registered or enrolled under this Act, and therefore liable to pay tax and furnish
3. Penalty for failure to file returns have been enhanced from Rs. 5 for each day of delay to Rs. 100 for each day of delay, or a maximum of Rs. 5000, whichever is less.
4. Two new Sections have been inserted after section 18 which are, namely: -
i. Section 18A which is related to the applicability of the provisions of the Assam Value Added Tax Act, 2003.
ii. Section 18B which is related to automation of processes under the Act and allowing electronic procedures under the Act.

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