In
exercise of the powers conferred by Section 94 of the
Jharkhand Value Added Tax
Act, 2005 (Jharkhand Act No.5 of 2006) (as amended
upto date), the Governor of Jharkhand is pleased to make
the following Amendments in Departmental Notification
No.S.O.219 dated 31.03.2006:-
AMENDMENTS
1.
Amendment in Chapter V -
The
title of the Chapter V "Determination of Taxable Turnover of
Goods involved in works contract for the purpose of sub-section
(4)(c) of Section 9" shall be substituted by
"Determination of Taxable Turnover for the purpose of the
Act".
2.
Insertion of a new Rule as Rule 22A after the existing Rule 22-
Rule
22A-
"Notwithstanding
anything contained in the Rules, a dealer, dealing in goods
specified in serial number 104 of Part-B of Schedule II, for
determination of taxable turnover of such goods on which tax is
payable, may deduct under Section 9(4)(d) from turnover of sales of
such goods fifty percent of the total valuable consideration of such
goods.
Provided
that no input tax credit shall be admissible on such sales under the
Rules.
Provided
further that no such deduction shall be allowed unless the dealer
selling the goods on demand by the prescribed authority under the
Act furnishes the relevant tax invoice or cash memo or bill and
other relevant documents.
Explanation:-
Valuable
consideration for the purpose of this rule shall mean Sale price
which shall include anything done on value added after the purchase
of such vehicle."
3.
Amendment in Rule 42 -
Amendment
in Sub-rule-4 of Rule 42 -
The
words and punctuation "Form JVAT 504B and Form JVAT 504P"
after the words "Form JVAT 504G" and before the words
"the volume" shall be deleted.
4.
Amendment in Rule 61 -
In
sub-rule (5), the word "Composition" appearing in this
sub-rule shall be substituted by the word "Presumptive".
5.
Amendment in Form JVAT 209 and JVAT 213
In
Form JVAT 209, in counterfoil I, in the second row, the punctuation
and the word "/Applicant" shall be added after the words
"Name of Dealer"
