**Policy Summary: Daman and Diu Value Added Tax Amendment Regulation, 2015**
This regulation, numbered 2 of 2015, was promulgated by the President of India on December 10, 2015 (Agrahayana 19, 1937 Saka) and amends the Daman and Diu Value Added Tax Regulation, 2005.
The key amendments are:
* **Section 4 Amendment:** In subsection 1, clause b of Section 4 of the principal regulation, the tax rate is revised from "four per cent." to "five per cent.".
* **Third Schedule Amendment:** The heading of the Third Schedule of the principal regulation is amended to reflect the change from "four per cent." to "five per cent.".
The regulation comes into force on a date to be appointed by notification in the Official Gazette by the Administrator.
The legal authority for this regulation is derived from Article 240 of the Constitution of India.
The Secretary to the Government of India, Dr. G. Narayana Raju, is noted in the document.
Key Entities Referenced
Daman and Diu: A union territory in India.
The Daman and Diu Value Added Tax Amendment Regulation, 2015: A regulation amending the Daman and Diu Value Added Tax Regulation.
President of India: The head of state of the Republic of India, who promulgated the regulation.
Constitution of India: The supreme law of India, specifically article 240 which confers powers related to the regulation.
Agrahayana 19, 1937 Saka: The date according to the Indian national calendar, corresponding to December 10, 2015.
Ministry of Law and Justice: The Indian government ministry responsible for legal affairs.
Daman and Diu Value Added Tax Regulation, 2005: The principal regulation being amended by the current regulation.
Pranab Mukherjee: The President of India at the time of promulgation.
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MINISTRY OF LAW AND JUSTICE
(Legislative Department)
————
New Delhi, the 10th December, 2015/Agrahayana 19, 1937 (Saka)
THE DAMAN AND DIU VALUE ADDED TAX (AMENDMENT)
REGULATION, 2015
NO. 2 OF 2015
Promulgated by the President in the Sixty-sixth Year of the Republic of India.
A Regulation to amend the Daman and Diu Value Added Tax Regulation, 2005.
In exercise of the powers conferred by article 240 of the Constitution, the President is
pleased to promulgate the following Regulation made by him:—
1. (1) This Regulation may be called the Daman and Diu Value Added Tax (Amendment) Short title and
Regulation, 2015. commencement.
(2) It shall come into force on such date as the Administrator may, by notification in the
Official Gazette, appoint.
Reg. 1 of 2005. 2. In the Daman and Diu Value Added Tax Regulation, 2005 (hereinafter referred to as Amendment
the principal Regulation), in section 4, in sub-section (1), in clause (b), for the words “four of section 4.
per cent.”, the words “five per cent.” shall be substituted.2 THE GAZETTE OF INDIA EXTRAORDINARY [ PART II— SEC. 1]
Amendment of 3. In the principal Regulation, in the Third Schedule, in the heading, for the words “four
Third Schedule. per cent.”, the words “five per cent.” shall be substituted.
PRANAB MUKHERJEE,
President.
————
DR. G. NARAYANA RAJU,
Secretary to the Govt. of India.
GMGIPMRND—3547GI—11-12-2015.