GST – States – SRO 431 – Dated:- 25-9-2018 – Government of Jammu and Kashmir Notification (J&K), DATED 25-9-2018 SRO-431 – Government in order to provide budgetary support to the existing eligible manufacturing units operating in the state of Jammu and Kashmir hereby notifies the following scheme for providing budgetary support to the manufacturing units in the shape of reimbursement of Integrated Goods and Service Tax (IGST) paid under the Integrated Goods and Service Tax Act, 2017. Short Title and Commencement The scheme shall be called as Jammu and Kashmir Reimbursement of Integrated Goods and Services Tax for promotion of Small/Medium/Large Scale Industries in the State of Jammu and Kashmir. The said Scheme shall deemed to have come into operation w.e.f. 01.04.2018 for an eligible unit and shall remain in force till the last date of Industrial Policy 2016. Objective 1.1 The State Government, in recognition of the hardships arising due to withdrawal of Central Sales Tax exempti
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ed by the department of Industries and Commerce/ Handloom/Handicrafts except those mentioned in Annexure -A to this notification. Determination of the Amount of Reimbursement 3.1 The amount of Reimbursement under the scheme for specified goods manufactured by the eligible unit shall be the:- two percent of the taxable turnover with respect to the interstate supplies made by the Industrial Unit under Integrated Goods and Services Tax Act, 2017 provided that the maximum amount of annual reimbursement shall be limited to 2% of the interstate sales turnover reflected by the dealer in his returns for the accounting year 2016-17. 3.2 Reimbursement under this scheme shall be worked out on quarterly basis for which claims shall be filed on a quarterly basis namely for January to March, April to June, July to September & October to December. All claims of reimbursement shall be supported by hard copies of the E-way bills duly endorsed by the consignee to the effect that the goods have been
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to pay the amount repayable if any. Any other document evidencing the details required in clauses (a) to (c) may be accepted with the approval of the Jurisdictional Additional Commissioner. 3.5 The scheme shall be shall be available to only those industrial units who provide employment to permanent residents of the state of Jammu & Kashmir as per the guidelines of the Industrial Policy 2016. 3.6 For the purpose of this Scheme, "manufacture" means processing of raw material or inputs in any manner that results in emergence of a new product having a distinct name, character and use and the term "manufacturer" shall be construed accordingly. 4. INSPECTION OF THE ELIGIBLE UNIT 4.1 The reimbursement under the Scheme shall be allowed to an eligible unit subject to an inspection by a team(s) constituted by Commissioner Commercial Taxes. The inspection report shall be made available to the jurisdictional Assessing Authority before sanction of the reimbursement. Reimburs
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al Commissioners within one week after the receipt of application. 5.3 The concerned Additional Commissioners shall forward consolidated information of the concerned division to the Nodal Officer(s) to be designated by Commissioner Commercial Taxes for reimbursement of GST to the eligible industrial units by the end of the month in which application is received and a copy of the same shall be forwarded to Commissioner Commercial Taxes for consolidation and submission to Government. 5.4 The concerned nodal officer(s) shall credit the amount due in the declared bank accounts of the industrial units referred to in the information forwarded by respective Additional Commissioners within seven days of receipt of consolidated information from the concerned Additional Commissioner. 5.5 The nodal officer(s) shall intimate the Commissioner/Additional Commissioner(s) Commercial Taxes the amount disbursed to the beneficiary industrial units. 6. Repayment By Claimant/ Recovery And Dispute Resolutio
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any change in its constitution, bank account, line of activity, and title of the firm within the time allowed shall not be eligible for reimbursement of taxes for the period in which he fails to intimate the Department. 6.4 The procedure for recovery: Where any amount is recoverable from a unit, jurisdictional Assessing Authority, shall issue a demand note to the unit (i) intimating the amount recoverable from the unit and the date from which interest thereon is due and (ii) directing the manufacturer to deposit the full sum within 30 days of the issue of the demand note in the account head of State Tax and submit proof of deposit to him/her. 6.5 Where the amount is not paid by the beneficiary within the time specified as above, action for recovery shall be taken in terms of the affidavit-cum-indemnity bond submitted by the applicant at the time of submission of the application, in addition to other modes of recovery. 6.6 Where any amount of reimbursement/or interest remains due from t
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ms, their accessories and ammunition 3. Edible oil and Vasnaspati Ghee. 4. Menthol. 5. Copper & Non ferrous items. 6. Cement. Annexure-A DECLARATION Name of the Industrial Unit: …………………………………. GSTIN: …………………………………. Registration No …………………………………. Department of industries/handloom/ handicrafts) Bank A/c No: …………………………………. Bank Name: …………………………………. Bank Branch: …………………………………. IFSC Code: …………………………………. MICR Code: …………………………………. Certificate I ………………………………….Proprietor/Partner/Director of M/s ………………………………….located at ………………………………….do hereby certify that the total number of employees working in my industrial unit is …………………………………. That I have provided employment to number of locals (
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bursement of Integrated goods and Services Tax for promotion of Small/Medium/Large Scale Industries in the State of Jammu and Kashmir of Budgetary Support notified by Finance Department, Government of Jammu & Kashmir I/We confirm that the eligible unit is manufacturing and supplying specified goods on payment of State GST/Central GST/ Integrated GST and the claim will not include any other activity being carried out under the same GSTIN. I/We further affirm and declare, as stated above, goods other than specified goods manufactured by the eligible unit will not be taken into account while filing the application under the scheme. No amount of budgetary support which is not due as per the conditions of the scheme notified by Finance Department, Government of Jammu & Kashmir shall be claimed by the eligible unit and where any misdeclaration is detected, the amount paid by the Government shall be paid back by me/us with interest as prescribed in the scheme. I/We solemnly affirm and
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