Deduction of Input tax

Karnataka government notified under the Karnataka Value Added Rules 2005 that every registered dealer who is effecting sale of any goods in the course of export outside the territory of India and every registered dealer who is claiming deduction of input tax of five lakh rupees or more shall give the details of his purchase from the other registered dealer in respect of which he is eligible to claim refund or deduction of input tax and sale of goods out side the territory of India and within the state, the dealer shall operate his account on or before the 20th day of succeeding month in the website using the user name and password communicated to him by the Commissioner and in case such user name and password is not communicated by 30th June, 2009, he shall obtain the same from the Commissioner or from the jurisdictional Local VAT officer or VAT sub-officer.

Click to view Karnataka Notification No. KSA-CR.155/2007-08 Dated: 8th June, 2009

Karnataka Budget Speech Highlights 2008-2009

The Budget of Government of Karnataka for 2008-09 with an outlay of Rs.56542.15 crores from the State Consolidated fund has been presented in Parliament. The Budget focuses on promoting “Growth with Equity”.

The emphasis in 2008-09 budget will be on sustaining the economic growth of the State while seeking to uplift the economically and socially weaker sections.

Click to download Karnataka Budget Speech Highlights