In exercise of the powers conferred by section 15-B and 72(i)(b) of the Chhattisgarh Value Added Tax Act, 2005 (No. 2 of 2005), the State Government hereby makes the following amendments in the notification No. F-10/57/2006/CT/V(47) dated 28-04-2006 with effect from 1st April, 2006:-

AMENDMENT

In the said notification the sentence "The assessing officer at the time of making the assessment shall remit the tax liability shown by such dealer after verification" shall be omitted.

2. In the said notification before paragraph 2 the following sub-paragraphs shall be added:-

The sale of goods to a registered dealer holding eligibility certificate of exemption from payment of tax or deferment of tax under any of the notifications issued under the repealed Act by the State Government, shall be against declaration without charging and collecting tax and the purchasing industrial unit shall purchase the goods by furnishing the declaration to the selling registered dealer.

When the goods manufactured by an industrial unit holding eligibility certificate of exemption from payment of tax are purchased and tax has been charged separately in the sale bill or invoice issued by the industrial unit, the purchasing registered dealer shall be entitled to input tax rebate on purchase of such goods to the following extent -

(i) If such goods are re-sold in the State of Chhattisgarh or in the course of inter state trade or commerce, then at the rate of tax charged on purchase of such goods or at the rate of tax or Central Sales Tax payable on sale of such goods, whichever is lower.

(ii) If the goods so purchased are used or consumed in the process of manufacture by an industrial unit other than a unit holding eligibility certificate of exemption from payment of tax, then at the rate of tax charged on purchase of such goods or the rate of tax or Central Sales Tax payable on the sale of manufactured goods, whichever is lower.

(iii) No input tax rebate shall be allowed if the goods so purchased are used or consumed in the process of manufacture by an industrial unit holding eligibility certificate of exemption from payment of tax.