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Assam Assembly Session Update: Key Takeaways

The first sitting of the 15th Assam Legislative Assembly began on Monday, July 12. The session would be for three days.

Assam Assembly Session Update: Key Takeaways

Sentinel Digital Desk

The first sitting of the 15th Assam Legislative Assembly began on Monday, July 12. The session would be for three days.

The proposed Assam Cattle Preservation Bill 2021 was tabled on the first day of the Budget Session of the Assam Assembly on Monday for discussions.

Live Updates

  • 13 July 2021 7:58 AM GMT

    Assam Taxation (on Specified Lands) (Amendment) Bill, 2021

    The Assam Government intends to propose the Assam Taxation (on Specified Lands) (Amendment) Bill, 2021 during its inaugural Budget session in the 15th Assam Legislative Assembly, which will begin on July 12 and would last 15 working days.

    The Principal Act, referred to as the Assam Taxation (on Specified Lands) (Amendment) Bill, 1990, has undergone many amendments throughout the years.

    The latest change brought to the act was on 26 August 2019 after the proposed amendment got the assent of the Governor of Assam. After changes brought to the act, it was referred to as the Assam Taxation (on Specified Lands) (Amendment) Bill, 2019.

    A new sub-section (2B) was added to the Principal Act through the 2019 Amendment Act which would follow sub-section 2(A) under Section C of the Principal Act.

    "Notwithstanding anything contained in sub-section (1), no tax shall be levied under sub-section (1) in respect of green tea leaves grown or bought by tea estates for a period of three years on and from the 1st January 2019," stated the official notification made for general awareness about the amendments.

  • 13 July 2021 7:40 AM GMT

    Assam Value Added Tax Amendment Act, 2021

    The Assam Government intends to propose the Assam Value Added Tax Amendment Act 2021 during its inaugural Budget session in the 15th Assam Legislative Assembly, which will begin on July 12 and would last 15 working days.

    The Principal Act, referred to as the Assam Value Added Tax 2003, has undergone many amendments throughout the years.

    The latest change brought to the act was on October 12, 2020, after the proposed amendment got the assent of the Governor of Assam. After changes brought to the act, it was referred to as the Assam Value Added Tax Amendment Act 2020.

    In the Principal Act, after section 110, following new section 111 was inserted namely, "Power of the Government to extend the time limit in special circumstances." The power to issue notification under sub-section (1) shall include the power to give retrospective effect to such notification from a date not earlier than the date from the commencement of the Act.

    In 2021, a partial exemption to the Oil Companies, covered by sub-rule(1) of rule 8 of the Assam Value Added Tax Rules,2005 from payment of tax payable on "Diesel" and "Petrol" and other motor spirits was enabled.

  • 13 July 2021 7:04 AM GMT

    Assam Goods and Services Tax (Amendment) Bill, 2021

    Assam Finance Minister Ajanta Neog presented the Assam Goods and Services Tax (Amendment) Bill, 2021 on Monday, after modifications made to the GST Act, which acquired Presidential Assent in March of this year.

    The GST Council has recommended that the necessary adjustments and amendments be made in the state to ensure consistency of decision and applicability, Neog stated while tabling the Bill to modify the Act.

    By inserting a new clause through the new proposed legislation which will amend Section 7 of the Principal Act which has been in force since July 1 201, levy of tax on activities or transactions involving the supply of goods or services by any person, other than an individual, to its members or constituents, or vice versa, for cash, deferred payment, or other valuable consideration will be ensured through the new amendment.

    It is also recommended to include an explanation to clarify that the person or its members or constituents are regarded to be two different individuals and that the supply of activities or transactions is regarded to occur from one person to another.

    Another change is the addition of a new clause stating that input tax credit on invoices or debit notes may be claimed only if the details of such invoices or debit notes have been furnished by the supplier in the statement of outward supplies and communicated to the recipient of such invoices or debit notes. The revised legislation would eliminate the obligation to have yearly accounts audited and a reconciliation statement filed by a designated expert. It has replaced this with the submission of an annual return on a self-certification basis, and it will also allow the Commissioner to exclude a certain class of taxpayers from the need of making an annual return.

    The Act will be modified to remove the seizure and confiscation of commodities and conveyances in transit from the recovery of tax. An explanation will be added to clarify that "self-assessed tax" includes the tax due on outbound supplies information furnished by Section 37 but not included in the return furnished under Section 39.

    A new clause will be added to provide that no appeals may be lodged against an order unless the appellant has paid 25% of the penalty. The Act will be modified further to allow the jurisdictional commissioner to request information from anybody on any subject relating to the Act.

  • 12 July 2021 2:47 PM GMT

    15th Assam Assembly Committee to Scrutinize Progress of Schemes

    The Estimate Committee of the 15th Assam Legislative Assembly will scrutinize the progress of schemes under five departments of the State government. The departments are — Public Works Department, Public Health Engineering, Irrigation Department, Agriculture Department, and Forest Department. It is to be noted that the 13-member committee comprises MLAs from both the Opposition and the ruling party. The chairman of the committee is BJP (Bharatiya Janata Party) MLA Prasanta Phukan.

  • 12 July 2021 2:45 PM GMT

    Assam CM Introduces Assam Cattle Preservation Bill

    Assam Chief Minister Himanta Biswa Sarma on Monday stated that the Assam government has introduced the Assam Cattle Preservation Bill, 2021 in the State Assembly to protect and preserve cows from slaughter in the state. The bill aims for making the cow protection law identical to other states such as Uttar Pradesh, Madhya Pradesh, and Karnataka. Just like Assam cabinet decisions, earlier, Meghalaya Chief Minister Conrad K Sangma said that he will raise the issue with the Assam Government as well as with the Center if the law influences transits of cattle to Meghalaya from different states.

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