The Jharkhand Value Added Tax Act, 2005 NOTIFICATION - HISTORY
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Body NOTIFICATION No. S.O. 5 Dated 22nd June, 2007

In exercise of the powers conferred in Section 22 of the Jharkhand Value Added Tax Act 2005 (Jharkhand Act 05, 2006 as amended by Jharkhand Act No. 21 of 2006), the Governor of Jharkhand is pleased to allow the presumptive tax payable in a financial year with under-mentioned conditions as specified in the table, in lieu of Value Added Tax for such industrial units producing vegetable and refined edible oil, in the State of Jharkhand : -

TABLE

Sl. No.	Description	Presumptive Tax
1	Till 5 years after from the effective date of notification	At the annual rate of Rupees 250 per metric ton of the installed capacity

2. Conditions -

(a) Such industrial units eligible for presumptive tax, shall file their application in Form JVAT 103, before the prescribed authority under whose jurisdiction such unit is situated.

(b) The prescribed authority after verification of the application and advance payment, shall issue the presumptive tax Certificate in Form JVAT 108 within 15 days.

(c) The dealers paying presumptive tax under this scheme, shall maintain correct account in respect to their production, stock and sales. In the circumstances of any doubt about the production, the prescribed registers under the central excise duty shall be taken into consideration for proper payment of tax.

(d) Such unit shall not be entitled for any Input Tax Credit.

(e) Such unit shall not be entitled to issue tax invoice and the input tax paid prior to 1^st April 2006 shall be recovered from these units.

(f) Such unit can not sale any goods imported into the State from outside the State vide Rule 61(1)(a) of the Jharkhand VAT Rules 2006.

(g) Such units shall not be entitled for any export outside the Country vide rule 61(1)(a) of the Jharkhand VAT Rules 2006 and if so the amount of presumptive tax shall not be altered.

(h) Section 29, 35 and 36 of the Jharkhand Value Added Tax Act 2005 shall not apply to such units.

(i) In the circumstances, the payment of presumptive tax and filing of respective returns are not within the prescribed time, appropriate actions shall be taken under the provisions of the Jharkhand Value Added Tax Act 05 and Jharkhand Value Added Rules 06.

(j) The said scheme of presumptive tax shall apply on all eligible units.

1. The said notification shall be deemed to be effective from 1^st April 2006.

(Va. Kar 1/VAT/Vividh/40/2006/1647)