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
SRO 431 Dated:- 25-9-2018 Jammu and Kashmir SGST
GST – States
Jammu and Kashmir SGST
Jammu & Kashmir SGST
Government of Jammu and Kashmir
\nNotification
\n(J&K), DATED 25-9-2018
\n 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.
\n Short Title and Commencement
\n 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 operatio<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n les Tax Act, 1956, during the accounting year 2016-17, except the units manufacturing goods mentioned in Annexure-A to this notification. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n tries and Commerce or Directorate of Handicrafts\/Handlooms = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ax relating to the quarter to which the claim relates. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n rong declaration of particulars regarding meeting the eligibility conditions in this scheme necessary action would be initiated and concluded in the individual case by the jurisdictional Assessing Authority concerned. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n rsement etc. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ….(designation) of …………………………………. (Company\/Unit Name) hereby solemnly affirm and declare for and on………………………………….behalf of (company\/unit name) that an application for registration for reimbursement of budgetary support has been filed on under the Scheme called Jammu and Kashmir Reimbursement of Integrated goods and Services Tax for promotion of Small\/Medium\/Large Scale = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Jammu and Kashmir Reimbursement of Integrated Goods and Services Tax for promotion of Small\/Medium\/Large Scale Industries in the State of Jammu and KashmirSRO 431 Dated:- 25-9-2018 Jammu and Kashmir SGSTGST – StatesJammu and Kashmir SGSTJammu & Kashmir SGSTGovernment of Jammu and Kashmir Notification (J&K), DATED 25-9-2018 SRO-431 – Government in order to provide budgetary support … Continue reading “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”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-14660","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14660"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14660\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n 2.2 'Specified goods' means the goods manufactured by the Industrial Units as have been allowed by the department of Industries and Commerce\/ Handloom\/Handicrafts except those mentioned in Annexure -A to this notification.
\n Determination of the Amount of Reimbursement
\n 3.1 The amount of Reimbursement under the scheme for specified goods manufactured by the eligible unit shall be the:-
\n 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.
\n 3.2 Reimbursement under this scheme shall be worked out on quarterly basis for which claims shall be filed on a quarter<\/p>\n
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\n (b) A declaration and a certificate as per Annexure-B, to be submitted on one time basis.
\n (c) An Affidavit-cum-indemnity bond, as per Annexure C, to be submitted on one time basis, binding itself to pay the amount repayable if any.
\n Any other document evidencing the details required in clauses (a) to (c) may be accepted with the approval of the Jurisdictional Additional Commissioner.
\n 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.
\n 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.
\n 4. INSPECTION OF THE ELIGIBLE UNIT
\n 4.1 The reimbursement under t<\/p>\n
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\n 5.2 The Jurisdictional Assessing Authority after such examination of the application as may be necessary, shall sanction reimbursement amount and forward the same in the prescribed format to the respective Additional Commissioners within one week after the receipt of application.
\n 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.
\n 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 consolida<\/p>\n
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\n 6.3. That the Industrial Unit failing to intimate the Department 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.
\n 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.
\n 6.5 Where the amount is not paid by the beneficiary within t<\/p>\n
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\n Saving Clause
\n 8. Upon cessation of the Scheme, the unpaid claims shall be settled in accordance with the provisions of the Scheme while the recovery and dispute resolution mechanisms shall continue to be in force.
\nAnnexure-A
\n1.
\nResin,Turpentine oil and their derivatives
\n2.
\nArms, their accessories and ammunition
\n3.
\nEdible oil and Vasnaspati Ghee.
\n4.
\nMenthol.
\n5.
\nCopper & Non ferrous items.
\n6.
\nCement.
\nAnnexure-A
\nDECLARATION
\n Name of the Industrial Unit: ………………………………….
\n GSTIN: ………………………………….
\n Registration No ………………………………….
\n Department of industries\/handloom\/ handicrafts)
\n Bank A\/c No: ………………………………….
\n Bank Name: ………………………………….
\n Bank Branch: ………………………………….
\n IFSC Code: ………………………………….
\n MICR Code: ………………………………….
\nCertificate
\n I …………………<\/p>\n
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\n Industries in the State of Jammu and Kashmir of Budgetary Support notified by Finance Department, Government of Jammu & Kashmir
\n 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.
\n 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 budgeta<\/p>\n
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