The Jharkhand Value Added Tax Act, 2005 NOTIFICATION
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NOTIFICATION NO. S.O. 209., dated 31st March, 2006

In exercise of the powers conferred by the sub-section (1) of Section 45 of the Jharkhand Value Added Tax Act, 2005 (Jharkhand Act 05, 2006), the Governor of Jharkhand is pleased to specify the rates in column-3 of the Schedule below at which the amount of tax is to be deducted in advance in respect to the sales or supplies of taxable goods made to (i) the State Government; or (ii) Central Government; or (iii) a Company, Corporation, Board, Authority, undertaking or any other body owned, financed or controlled either wholly or partly by the State Government or the Central Government shall, at the time of payment, deduct an amount at the rate as mentioned in column-2 of the said schedule from the bills or invoices raised by the sellers or suppliers, subject to the conditions and restrictions, set out in column (4) thereof: -

Schedule

Serial No.	Descriptions of works contract	Rate at which Deduction is to be made	Conditions and Restrictions
1	2	3	4
1.	Sale or Supply of taxable goods falling in Schedule II: Part A appended to the Jharkhand Value Added Tax Act 2005.	1 Percentum	(a) No deduction shall be made for the transactions falling within Section 3, 4 & 5 of the CST Act 1956 (b) The deduction for any supplier shall commence immediately after, exceeding the cumulative bill(s) amounting to Rs. 1 lac during a year (c) No deduction shall be made, if the supplier furnishes Form JVAT 407.
2.	Sale or Supply of taxable goods falling in Schedule II: Part B & C appended to the Jharkhand Value Added Tax Act 2005.	2 Percentum	-do-
3.	Sale or Supply of taxable goods falling in Schedule II: Part D appended to the Jharkhand Value Added Tax Act 2005.	4 Percentum	-do-
4.	Entry Tax for Purchase or Supply of taxable goods: falling in Schedule III; appended to the Jharkhand Value Added Tax Act 2005.	4 Percentum	(a)Deduction shall be made only on "import price": as defined under clause (xxviii) of Section 2 of the Act, of such goods. (b) The deduction for any supplier shall commence immediately after, exceeding the cumulative bill(s) amounting to Rs. 1 lac during a year (c) No deduction shall be made, if the supplier furnishes Form JVAT 407.
5.	Payment of Hire charges or any other sum/valuable consideration on account of a transfer of the right to use any goods for any purpose, whether or not for specified period, for cash, deferred payment or any other valuable consideration	4 Percentum	(a) No deduction shall be made for the transactions falling within Section 3, 4 & 5 of the CST Act 1956 (b) The deduction from any person(s) shall commence immediately after, exceeding the cumulative bill(s) amounting to Rs. 1 lac during a year (c) The deduction for any supplier shall commence immediately after, exceeding the cumulative bill(s) amounting to Rs. 1 lac during a year (d) No deduction shall be made, if the supplier furnishes Form JVAT 407.

This Notification shall come into force with effect from 1^st April, 2006.