Jammu and Kashmir launches a reimbursement scheme for State GST paid by eligible manufacturers after input tax credit adjustment. SRO 519 creates a State reimbursement scheme for eligible manufacturing units to reimburse State GST paid in cash after utilization of Input Tax Credit for specified goods, subject to exclusions, procurement restrictions, quarterly claims supported by prescribed documents and certifications, inspection and verification, proportional adjustment where purchases are from composition or unregistered suppliers, stamping requirements for in State supply, and recovery of inadmissible amounts with 15% interest, with disbursement via nodal officer following consolidated forwarding.
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Jammu and Kashmir launches a reimbursement scheme for State GST paid by eligible manufacturers after input tax credit adjustment.
SRO 519 creates a State reimbursement scheme for eligible manufacturing units to reimburse State GST paid in cash after utilization of Input Tax Credit for specified goods, subject to exclusions, procurement restrictions, quarterly claims supported by prescribed documents and certifications, inspection and verification, proportional adjustment where purchases are from composition or unregistered suppliers, stamping requirements for in State supply, and recovery of inadmissible amounts with 15% interest, with disbursement via nodal officer following consolidated forwarding.
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