In exercise of the powers, conferred by section 79-A of the Jammu and Kashmir Value Added Tax Act, 2005 and in supersession of notification SRO 103 dated 31st March, 2015, the Government hereby direct that in notification SRO 91 dated 16th March, 2006, read with notification SRO 42 of 2014 dated 28th February, 2014, the following amendments shall be made-

"(I) In para 2nd for the words and figures "31st March, 2015" the words and figures "31st March, 2016" shall be substituted.

(II) In item 13, for the words "shall not be entitled to any tax remission for the quarter in which such offence is committed provided that such default/offence is not repeated during the year", the words "shall be entitled to tax remission for the quarter in which such offence/default is committed subject to the payment of such tax, interest and /or penalty as the case may be provided that the industrial unit shall not be entitled to any tax remission for the quarter in which the offence/default is repeated" shall be substituted."

This notification shall come into force w.e.f 01-04- 2015

By Order of the Government of Jammu and Kashmir.

Sd/-

(B. B. Vyas) IAS,

Principal Secretary to Government

Finance Department