JAMMU AND KASHMIR VALUE ADDED TAX ACT, 2005

JAMMU AND KASHMIR VALUE ADDED TAX ACT, 2005

S.1 Short title, extent and commencement

S.2 Definitions

S.3 Taxation Authorities

S.4 Powers of Commissioner

S.5 Delegation of the Commissioner's powers and functions

S.6 Power to withdraw and transfer cases

S.7 Functions of the Tribunal

S.8 Powers of the Tribunal

S.9 Special Investigation Unit (SIU)

S.10 Authorities under the Act to be public servants

S.11 Indemnity

S.12 Incidence of Tax

S.13 Tax on Sales

S.14 Tax on purchases

S.15 Tax on containers and packing materials

S.16 Rate of tax

S.17 Power to amend Schedules

S.18 Output Tax

S.19 Input tax

S.20 Tax payable

S.21 Input tax credit

S.22 Input tax credit exceeding tax liability

S.23 Adjustment of input tax credit

S.24 Burden of proof

S.25 Turnover tax

S.26 Credit notes and debit notes

S.27 Registration

S.28 Voluntary registration

S.29 Security to be furnished in certain cases

S.30 Imposition of penalty for failure to get registered

S.31 Periodical returns and payment of tax

S.32 Return defaults

S.33 Collection of tax only by registered dealers

S.34 Rounding off of the amount of tax or penalty

S.35 Scrutiny of returns

S.36 Tax Audit

S.37 Self assessment

S.38 Provisional assessment

S.39 Audit assessment

S.40 Assessment of dealer who fails to get himself registered

S.41 No assessment after three years

S.42 Turnover escaping assessment

S.43 Power of re-assessment in certain cases

S.44 Payment and Recovery of Tax, Penalty and Interest

S.45 Special mode of recovery

S.46 Collection of tax by dealer

S.47 Sales not liable to tax

S.48 Tax to be first charge on property

S.49 Period of limitation

S.50 Refund

S.51 Interest

S.52 Power to withhold refund in certain cases

S.53 Reimbursement of Tax

S.54 Tax Free Goods

S.55 Zero-Rated Sales

S.56 Composition of tax

S.57 Clearance certificate in relation to taxable goods

S.58 Maintenance of accounts and records etc.

S.59 Tax invoice

S.60 Audit of Accounts

S.61 Dealer to declare the name of his business manager

S.62 Liability to pay tax in case of death

S.63 Certain agents liable to tax for sales on behalf of principal

S.64 Liability of partners

S.65 Amalgamation of companies

S.66 Production and inspection of accounts and documents and search of premises

S.67 Establishment of Check Posts and Inspection of goods in transit

S.68 Forwarding agency, etc. to obtain certificate of registration and submit returns

S.69 Defaults

S.70 Conviction for offences

S.71 Composition of offences

S.72 Appeal

S.73 Appeals to the Tribunal

S.74 Revision

S.75 Statement of the case to the High Court

S.76 Application of limitation Act

S.77 Bar on Certain Proceedings

S.78 Rectification of mistakes

S.79 Immunity from prosecution, penalty and interest in certain cases

S.80 Survey

S.81 Power to Collect Data and Information

S.82 Failure to provide data or furnish information under section 81

S.83 Publication and disclosure of information pertaining to dealers and other persons in public interest

S.84 Appearance before any authority in proceedings

S.85 Power to make rules

S.86 Power to remove difficulties

S.87 Determination of issues

S.88 Power to give instructions

S.89 Powers of Commissioner and his assistants to take evidence on oath etc.

S.90 Power to call for information

S.91 Cross-Checking of transactions

S.92 Certain information to be confidential

S.93 Court fee stamps on memorandum of appeal and application for revision

S.94 Levy of fee on applications for copies of orders, documents and of fees for making copies

S.95 Declaration of stocks of goods held on the appointed day

S.96 Input tax credit in respect of the stocks held on the Appointed Day

S.97 Information to be furnished regarding change of business

S.98 Transfer of business

S.99 Liability to tax on stocks in certain cases

S.100 Special powers for reconstitution of records in certain circumstances

S.101 Exclusion of time period for assessment

S.102 Power to seek assistance from Police Officer or other officer

S.103 Exclusion & Savings

S.104 Transitional Provisions

S.105 Repeal of Ordinance

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