PANAJI
The State Government has tabled several amendment Bills including the Goa Value Added Tax Amendment (Bill), 2017, the Goa Excise Duty (Amendment) Bill 2017 to amend the bills to bring them in line with the new Goods and Services Tax as well as an amendment to the Goa Protection of Interests of Depositors (in Financial Establishment) (Amendment) Bill, 2017.
The latter amendment seeks to enlarge the scope of the words "financial establishment" and include therein a company. The Bill also seeks to strengthen the arm of the government in dealing with cases of financial fraud with the amendments making financial establishments liable to deposit 75% of the aggregate amount of deposit liability before making any appeal. Several offences have also been made cognizable.
The Excise Duty Amendment Bill also creates an additional post of additional commissioner of excise in senior scale of Goa Civil Service.
