https://www.taxtmi.com/notifications?id=24797 Amendment to the Sixth Schedule grants KNMA a restricted refund treatment on local art purchases to have the effect of a nominal levy, conditioned on public accessibility of art works; disposal of any purchased art requires reimbursement of the refund received for that work. KNMA must file an annual inventory return within 75 days after year-end and submit a prescribed Certificate when claiming refunds confirming items are unsold and used for public display, with invoice details and supporting particulars. The notification is effective immediately. en-us Mon, 26 Mar 2012 00:00:00 +0530 Mon, 16 Apr 2012 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=24797 Amendment to the Sixth Schedule grants KNMA a restricted refund treatment on local art purchases to have the effect of a nominal levy, conditioned on public accessibility of art works; disposal of any purchased art requires reimbursement of the refund received for that work. KNMA must file an annual inventory return within 75 days after year-end and submit a prescribed Certificate when claiming refunds confirming items are unsold and used for public display, with invoice details and supporting particulars. The notification is effective immediately. Notifications VAT - Delhi Mon, 26 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/notifications?id=24797