In exercise of the powers conferred by Sections 4 and 5 of the Jammu and Kashmir General Sales Tax Act, 1962 and in supersession of notification SRO 86 dated 30th March 2005, the Government hereby direct that the tax on the taxable turnover shall be payable at the rates as specified in schedules A and B annexed to this notification and that the goods specified in schedule 'C' shall be exempted from payment of tax leviable under the said Act.

This notification shall come into force with effect from 01.04.2007.

SCHEDULE A

Goods chargeable to tax at the rate of 20%

1. Resin.

2. Lottery tickets.

3. Natural gas.

4. Aviation turbine fuel.

SCHEDULE A1

Goods chargeable to tax at the rate of 25%

1. Foreign Liquor including IMFL, beer, ale porter and other fermented drinks.

SCHEDULE B

Goods Chargeable to Tax at the rate of 10%

1. Services provided in the shape of works contract.

2. Services provided by telecom/cellular phone agencies.

3. Services provided in the shape of photofinishing including developing, printing and enlarging.

4. Services in the form of lodging provided by Hotels.

5. Services provided by beauty saloons.

6. Services provided by private nursing homes.

7. Services provided by advertisers.

8. Services provided by Courier agencies.

9. Banquet Hall Services.

10. Catering services.

11. Services provided by Cable operators.

12. Commercial/professional training and coaching services provided by private educational institutions. 13. Banking services.

14. Insurance services.

15. Services provided by Commercial concerns in relation to new construction, repairs, alterations or restoration of buildings, civil structures or parts thereof;

16. Services provided by way of TV and Radio programme productions;

17. Services provided by the Architects;

18. Services provided by the Interior Decorators;

19. Services provided by the Chartered Accountants; only in the shape of accounting and auditing services when their annual turnover exceed rupees ten lac within the jurisdiction of J & K GST act, 1962; and

20. Advertising Services by providing hoardings.

SCHEDULE C

Goods exempted from payment of tax under section 5 of the Act

1. The goods specified in the schedules A, B, C, and D appended to notification SRO 167 dt. 16th June, 2005.