Govt amends VAT rules
Jammu: The government today brought amendments in the Jammu and Kashmir Value Added Tax Rules, 2005 in exercise of the powers conferred under section 85 of VAT.
According to a notification issued by Finance department, in rule 16 for the words “five years”, wherever occurring, the words “six years” shall be substituted.
In proviso to sub rule (2) of rule 28, for the words “three months” the words “six months” shall be substituted.
In sub- rule (2) of rule 55 for the letter and figure “Rs 10,000” the letter and figure “Rs 50,000” shall be substituted.
Meanwhile, the government has extended last date for filing of returns for the first and second quarters of the current financial year up to December 20 in pursuance of proviso to sub-rule (2) of rule 28 of Jammu and Kashmir Value Added Tax Rules.
Lastupdate on : Fri, 3 Dec 2010 21:30:00 Makkah time
Lastupdate on : Fri, 3 Dec 2010 18:30:00 GMT
Lastupdate on : Sat, 4 Dec 2010 00:00:00 IST
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