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TMI BlogJammu and Kashmir Reimbursement of Central Taxes for promotion of Industries in the State of Jammu and KashmirX X X X Extracts X X X X X X X X Extracts X X X X ..... ted in States of Jammu and Kashmir, Uttarakhand, Himachal Pradesh and North East including Sikkim" dated: the 5th of October, 2017 announced by Government of India is in operation. OBJECTIVE The State Government in recognition of the hardships arising due to withdrawal of remission from payment of Value Added Tax has decided that it would provide budgetary support to the eligible units by way of reimbursement of 42%of the Central Tax paid through debit in the cash ledger account maintained by the unit under Goods and Services Tax Act. 2. DEFINITIONS 2.1 Eligible Manufacturing unit' means a unit which avails the benefit of 58% reimbursement under Central Scheme namely Budgetary Support under Goods and Services Tax regime to the Industrial Units located in States of Jammu and Kashmir, Uttarakhand, Himachal Pradesh and North East including Sikkim dated: the 5th of October, 2017. 2.2 'Specified goods' means the goods manufactured by the Industrial Units as have been allowed by the department of Industries / Handloom/Handicrafts/Jammu and Kashmir Khadi and Village Industries Board/ Small Scale Industries Development Corporation Limited ( SICOP)/J&K Industrial Devel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edit, purchase of inputs from unregistered suppliers (unless specifically exempt from GST registration) or routing of third party production or other activities aimed at enhancing the amount of reimbursement by mis-declaration would be treated as fraudulent activity and, without prejudice to any other action under law may invite denial of benefit under the scheme ab-initio. The units will have to declare total procurement of inputs from unregistered suppliers and from suppliers working under Composition Scheme under Jammu and Kashmir Goods and Services Tax Act, 2017. The grant of reimbursement under the scheme shall be subject to compliance of provisions relating to any other law in force. 3.4 The manufacturer applying for benefit under this scheme for the first time shall have to file the following documents: a) application for registration on prescribed format to be notified by Commissioner Commercial Taxes. b) the copy of the remission order latest issued by the jurisdictional Assessing Authority where such industrial unit was registered with the department of Commercial Taxes Jammu and Kashmir prior to the implementation of Goods and Services Tax Act 2017. c) Registration ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alculation of the value addition the procedure specified in notification issued by Department of Industrial Policy and Promotion Ministry of Commerce and Industry dated 05.10.2017 shall apply mutatis-mutandis. 3.7 In cases where an entity is carrying out its operations in the State from multiple business premises, in addition to manufacture of specified goods by the eligible unit, under the same GST Identification Number (GSTIN) as that of the eligible unit, the eligible unit shall submit application for reimbursement of budgetary support alongwith additional information on the claim form as prescribed in annexure D or any other format as may be notified by Commissioner. duly certified by a Chartered Accountant, relating to receipt of inputs, input tax credit involved on the inputs or capital goods received by the eligible unit and quantity of specified goods manufactured by the eligible unit vis-a-vis the inputs, input tax credit availed by the registrant under the given GSTIN. 3.8 Under CST, one business entity having multiple business premises would generally have one registration in the State in such situations where inputs are received from another business premises (of supp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he succeeding month after end of quarter after payment of tax relating to the quarter to which the claim relates. 5.2 The Assistant Commissioner/State Tax Officer of State Taxes, as the case may be, after such examination of the application as may be necessary, shall sanction reimbursement amount and forward the same in the prescribed format to the respective Additional Commissioners within one week after the receipt of application. 5.3 The concerned Additional Commissioners shall forward consolidated information of the concerned division to the nodal officer to be designated by Commissioner Commercial Taxes for reimbursement of GST to the eligible industrial units by the end of the month in which application is received and a copy of the same shall be forwarded to Commissioner Commercial Taxes for consolidation and submission to Government. 5.4 The concerned nodal officer shall credit the GST amount in the declared bank accounts of the industrial units referred to in the information forwarded by respective Additional Commissioners within seven days of receipt of consolidated information from the concemed Additional Commissioner. 5.5 The nodal officer shall intimate the Commiss ..... 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