Vat Actupdated - RS Goyal & Associates

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proceeding immediately preceding the commencement of this Act shall, on the date of such
commencement stand transferred to the officer or authority competent to make assessment
or to hear and decide appeal or revision or other proceedings under this Act and thereupon
such assessment, shall be made or such appeal or revision or other proceeding shall be
heard and decided within the period, if any, specified therefor, by such officer or authority in
accordance with the provisions of the repealed Act or the rules made thereunder as if they
were the officer or authority duly empowered for the purpose under the repealed Act.
(iv) (a) any application by a dealer or the Commissioner to the 2 Appellate Board 2 for making
a reference to the High Court under sub-section (1) of section 70 of the repealed Act; or
(b) any such application made under sub-section (2) of section 70 of the repealed Act;
or
(c) any reference made to the High Court under sub-section (1) or sub-section (2) of
section 70 of the repealed Act,
4 is pending on or arising after
4 the date of commencement of this Act shall be disposed of
by the 2 Appellate Board 2 or the High Court, as the case may be, in accordance with the
provisions of section 70 of the repealed Act as if this Act had not been passed and the said
Act had not been repealed.
(v) Notwithstanding anything contained in clause (i), any appeal, revision or other
proceedings arising under the repealed Act but preferred or initiated after the
commencement of this Act, shall be heard and decided by the authority competent to
entertain any appeal, revision or any other proceedings in accordance with the provisions of
this Act.
2 73 Tansitory provisions
(1) Where a registered dealer holds the stock of any goods specified in Schedule II on
the date of commencement of this Act, he shall furnish the particulars thereof in
such form, within such period, in such manner and to such authority as may be
prescribed.
(2) Where any goods specified in Schedule II of this Act other than those specified in
part III of the said Schedule purchased on or after 1st April, 2005 and held in stock
by a registered dealer on the date of commencement of this Act are tax paid
goods within the meaning of the Act repealed by this Act, and are for sale by him
on or after the said date within the State of Madhya Pradesh or in the course of
inter-state trade or commerce, he shall claim or be allowed in respect of such
goods, in such manner and within such period as may be prescribed, an input tax
rebate,-
(i)
(ii)
at the rate as the State Government may, by *notification, specify, if such
goods are for sale within the State; and
at the rate specified in sub-section (1) of section 8 of the Central Sales Tax
Act, 1956 (No. 74 of 1956) or the rate as the State Government may, by
notification, specify, whichever is lower, if such goods are for sale in the
course of inter-state trade or commerce.
(3) (a) Where any goods specified in Schedule II of this Act held in stock by a
registered dealer, on the date of commencement of this Act, are goods
manufactured out of tax paid goods other than those specified in part III of
the said Schedule consumed or used as raw material or used as packing
material or used as explosives in mining and are for sale in the State of
Madhya Pradesh or in the course of inter-state trade or commerce on or
after the said date, such dealer shall claim or be allowed in such manner