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Amendment in Jammu and Kashmir Goods and Services Tax Rules, 2017

s conferred by section 164 of the Jammu and Kashmir Goods and Services Tax Act, 2017 (Act No. V of 2017), the State Government hereby makes the following rules further to amend the Jammu and Kashmir Goods and Services Tax Rules, 2017, namely :- (1) In the Jammu and Kashmir Goods and Services Tax Rules, 2017,- (i) In rule 80, after proviso to sub-rule (1), brackets and figure (1) is replaced with brackets and figure (2) and brackets and figure (2) is replaced with brackets and figure (3) ; (ii) in rule 89, for sub-rule (5), the following shall be substituted, namely :- (5) In the case of refund on account of inverted duty structure refund of input tax credit shall be granted as per the following formula :- Maximum Refund Amount=[(Turnover of .....

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be paid to any claimant by the proper officer, appellate authority or court, the same shall be paid from the Fund. (3) Accounts of the Fund maintained by the State Government shall be subject to audit by the Comptroller and Auditor General of India. (4) The Government shall, by an order constitute a Standing Committee (hereinafter referred to as the Committee ) with a Chairman, a Vice-Chairman, a Member-Secretary and such other members as it may deem it and the Committee shall make recommendations for proper utilization of the money credited to the Fund for welfare of the consumers. (5) (a) The Committee shall meet as and when necessary, generally four times in a year ; (b) the Committee shall meet at such time and place as the Chairman, or .....

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of any default, or suppression of material information on his part, to refund in lump sum along with accrued interest, the sanctioned grant to the Committee, and to be subject to prosecution under the Act ; (f) to recover any sum due from any applicant in accordance with the provisions of the Act ; (g) to require any applicant, or class of applicants to submit a periodical report, indicating proper utilization of the grant ; (h) to reject an application placed before it on account off actual in consistency, or in accuracy in material particulars ; (i) to recommend minimum financial assistance, by way of grant to an applicant, having regard to his financial status, and importance and utility of the nature of activity under pursuit, after ens .....

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l Excise Act, 1944 (1 of 1944) as the case may be ; (b) applicant means, (i) the Central Government or State Government ; (ii) regulatory authorities or autonomous bodies constituted under an Act of Parliament or the Legislature of a State or Union Territory ; (iii) any agency or organization engaged in consumer welfare activities for a minimum period of three years, registered under the Companies Act, 2013 (18 of 2013) or under any other law for the time being in force ; (iv) village or mandal or samiti or samiti level co-operatives of consumers especially Women, Scheduled Castes and Scheduled Tribes ; (v) an educational or research institution incorporated by an Act of Parliament or the Legislature of a State or Union Territory in India o .....

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Services Tax Act, 2017 (Act No. V of 2017) ; (i) proper officer means the officer having the power under the Act to make an order that the whole or any part of the central tax is refundable. (iii) in FORM GST ITC-03, after entry 5(e), for the instruction against ** , the following shall be substituted, namely :- **The value of capital goods shall be the invoice value reduced by1/60th per month or part thereof from the date of invoice ; (iv) after FORM GSTR-8, the following FORM shall be inserted, namely :- FORM GSTR-10 (See rule 81) Final Return 1. GSTIN 2. Legal name 3. Trade Name, if any 4. Address for future correspondence 5. Effective date of cancellation of registration (Date of closure of business or the date from which registration .....

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egrated Tax 4. Cess 10. Interest, late fee payable and paid Description Amount payable Amount Paid 1 2 3 (I) Interest on account of (a) Integrated Tax (b) Central Tax (c) State/Union territory Tax (d) Cess (II) Late fee (a) Central Tax (b) State/Union territory tax 11. Verification I hereby solemnly affirm and declare that the information given hereinabove is true and correct to the best of my knowledge and belief and nothing has been concealed therefrom. Signature of authorized signatory _______________________________________ Name _______________________________________ Designation/Status ____________________________ Date - dd/mm/yyyy Instructions: 1. This form is not required to be filed by taxpayers or persons who are registered as :- ( .....

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ation, valuation, rate of tax, suppression of turnover, excess ITC claimed, excess refund released, place of supply, others (specify) 3. Description of goods / services - Sr. No. HSN Description 4. Details of demand (Amount in Rs.) Sr. No. Tax rate Turnover Place of supply Act Tax/ Cess Interest Penalty Others 1 2 3 4 5 6 7 8 9 Signature Name Designation The notification shall deemed to have come into force w. e. f. the date of publication of corresponding notification issued under Central Goods and Services Tax Act, 2017, in the Central Gazette. By order of the Government of Jammu and Kashmir. (Sd.) NAVIN K. CHOUDHARY, IAS, Principal Secretary to the Government, Finance Department. - Circular - Trade Notice - Public Notice - Instructions - .....

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