TaxTMI 
TaxTMI 
Jammu and Kashmir Reimbursement of State Taxes for promotion of Industries in the State of Jammu and Kashmir
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....ashmir. Scheme shall come into operation w.e.f. 08.07.2017 for an eligible unit and shall remain in force till the scheme namely "Budgetary Support under Goods and Services Tax regime to the Industrial Units located in States of Jammu and Kashmir, Uttarakhand, Himachal Pradesh and North East including Sikkim" dated: the 5th of October, 2017 announced by Government of India is in operation. OBJECTIVE The State Government in recognition of the hardships arising due to withdrawal of remission from payment of Value Added Tax has decided that it would provide budgetary support to the eligible units by way of part reimbursement of the Goods and Services Tax, paid by the unit after adjustment of Input Tax Credit on supply of finished goods manufactured by the Industrial Units located in the State of Jammu and Kashmir except those falling in Annexure-A. DEFINITIONS 2.1 Eligible Manufacturing unit' means a unit which avails the benefit under Central Scheme namely Budgetary Support under Goods and Services Tax regime to the Industrial Units located in States of Jammu and Kashmir, Uttarakhand, Himachal Pradesh and North East including Sikkim dat....
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....claim reimbursement would be made in-eligible for the scheme and shall be liable for recovery of excess reimbursement paid to the industrial unit, if any. Activity relating to concealment of input tax credit, purchase of inputs from unregistered suppliers (unless specifically exempt from GST registration) or routing of third party production or other activities aimed at enhancing the amount of reimbursement by mis-declaration would be treated as fraudulent activity and, without prejudice to any other action under law may invite denial of benefit under the scheme ab-initio. The units will have to declare total procurement of inputs from unregistered suppliers and from suppliers working under Composition Scheme under Jammu and Kashmir Goods and Services Tax Act, 2017. The grant of reimbursement under the scheme shall be subject to compliance of provisions relating to any other law in force. 3.4 The manufacturer applying for benefit under this scheme for the first time shall have to file the following documents: (a) application for registration on prescribed format to be notified by Commissioner Commercial Taxes. (b) the copy of the remission ....
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....ro manganese or silico manganese 75 15 14 72 or 73 All goods 39 Chrome ore or manganese ore Any goods, other than iron ore 15 72 or 73 Iron and steel products 75 75 16 74 All goods 17. 76 All goods 36 Iron ore 15 Any goods 36 Any goods 18 55 Electric motors and generators, electric generating sets and parts thereof Goods other than those 19 Any chapter mentioned above in S.Nos.1 to 18 17 31 Any goods Explanation: 3.7 For calculation of the value addition the procedure specified in notification issued by Department of Industrial Policy and Promotion Ministry of Commerce and Industry dated 05.10.2017 shall apply mutatis-mutandis. In cases where an entity is carrying out its operations in the State from multiple business premises, in addition to manufacture of specified goods by the eligible unit, under the same GST Identification Number (GSTIN) as that of the eligible unit, the eligible unit shall submit application for reimbursement of budgetary support alongwith additional information on the claim form as prescribed in annexure ....
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....ovided that where delay is expected in such findings of the inspection, the Assistant Commissioner /State Tax Officer of State Taxes may sanction provisional reimbursement to the eligible unit. Such provisional reimbursement shall not continue beyond a period of six months. MANNER OF BUDGETARY SUPPORT The manufacturer shall file an application for reimbursement for the Tax paid in cash, other than the amount of Tax paid by utilization of Input Tax credit under the Jammu and Kashmir Goods and Services Tax Rules 2017, to the Assistant Commissioner /State Tax Officer, as the case may be, by the 15th day of the succeeding month after end of quarter after payment of tax relating to the quarter to which the claim relates. The Assistant Commissioner/State Tax Officer of State Taxes, as the case may be, after such examination of the application as may be necessary, shall sanction reimbursement amount and 5.3 5.4 5.5 6. 6.1 6.2 6.3. 6.4 6.5 forward the same in the prescribed format to the respective Additional Commissioners within one week after the receipt of application. The concerned Additional Commissioners shall forward ....
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.... 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 Taxes and submit proof of deposit to him/her. Where the amount is not paid by the beneficiary within the time specified as above, action for recovery shall be taken in terms of the affidavit -cum- indemnity bond submitted by the applicant at the time of submission of the application, in addition to other modes of recovery. 6.6 7. Where any amount of reimbursement /or interest remains due from the unit, based on the report sent by the Assistant Commissioner/ State Tax Officer of State Tax as the case may be, the authorized officer as designated by the Commissioner shall, after the lapse of 60 days from the date of issue of the said demand note take required legal action and send a certificate specifying the amount due from the unit to the concerned Deputy Commissioner Recovery ofthe concerned Division to recover that amount, as if it were arrears of land revenue under J&K Land Revenue Act. SAVING CLAUSE Upon cessation of the Scheme, the unpaid claims s....
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....and sold under the brand name of other products. Tobacco and its products. Stone Crushing Manufacture of plywood. Name of the Industrial Unit:............. GSTIN..................... Registration No............. Bank A/c No................ Bank Name........ Bank Branch:................ IFSC Code: MICR Code: Annexure-B DECLARATION. (Department of industries / handloom/ handicrafts/ J&KKVIB/SICOP) CERTIFICATE Proprietor/Partner/Director of M/s.......... located at total number of employees working in my industrial unit is That I have provided employment to ..................number of locals (constituting do hereby certify that the of the workforce) in my industrial unit as per the list attached along with C.P. Fund details Further.............%age of the wage bill is drawn in favour of the local workforce. That I shall be intimating to the Department with respect to any change in constitution, bank account, line of activity, and title of the firm within seven days of affecting such change. Also, I hereby certify that the goods manufactured by my concern are exclusively meant for supply and co....