Karnataka Goods and Services Tax (Sixth Amendment) Rules, 2018

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....Adjusted Total Turnover] - tax payable on such inverted rated supply of goods and services. Explanation:-For the purposes of this sub-rule, the expressions - (a)   "Net ITC" shall mean input tax credit availed on inputs during the relevant period other than the input tax credit availed for which refund is claimed under sub-rules (4A) or (4B) or both; and (b)   "Adjusted Total turnover" shall have the same meaning as assigned to it in sub-rule (4)."; 3. Substitution of rule 97 - For rule 97, the following rule shall be substituted, namely:- "97. Consumer Welfare Fund.-(1) All amounts of specified in sub-section (5) of section 54 and income from investment along with other monies specified in section 57 of the Karnataka Goods and Services Tax Act, 2017 (Karnataka Act 27 of 2017) shall be credited to the Fund: Provided that, an amount equivalent to fifty per cent. of the amount of integrated tax determined under sub-section (5) of section 54 of the Central Goods and Services Tax Act, 2017 (Central Act 12 of 2017), read with section 20 of the Integrated Goods and Services Tax Act, 2017(Central Act 13 of 2017), shall be deposited in the Fund. (2)....

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....p; to require any applicant, in case of any default, or suppression of material information on his part, to refund in lump-sum along with accrued interest, the sanctioned grant to the Committee, and to be subject to prosecution under the Act; (f)   to recover any sum due from any applicant in accordance with the provisions of the Act; (g)   to require any applicant, or class of applicants to submit a periodical report, indicating proper utilisation of the grant; (h)   to reject an application placed before it on account of factual inconsistency, or inaccuracy in material particulars; (i)   to recommend minimum financial assistance, by way of grant to an applicant, having regard to his financial status, and importance and utility of the nature of activity under pursuit, after ensuring that the financial assistance provided shall not be misutilised; (j)   to identify beneficial and safe sectors, where investments out of Fund may be made, and make recommendations, accordingly; (k)   to relax the conditions required for the period of engagement in consumer welfare activities of an applicant; (l) &nbsp....

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....n Act, 1986(68 of 1986), who applies for reimbursement of legal expenses incurred by him in a case instituted by him in a consumer dispute redressal agency. (b)   'application' means an application in the form as specified by the Standing Committee from time to time; (c)   'Central Consumer Protection Council' means the Central Consumer Protection Council, established under sub-section (1) of section 4 of the Consumer Protection Act, 1986 (Central Act 68 of 1986), for promotion and protection of rights of consumers; (d)   'Committee' means the Committee constituted under sub-rule (4); (e)   'consumer' has the same meaning as assigned to it in clause (d) of sub-section (1) of section 2 of the Consumer Protection Act, 1986 (Central Act 68 of 1986), and includes consumer of goods on which State tax has been paid; (f)   'Fund' means the Fund established by the State Government under section 57 of the Karnataka Goods and Services Tax Act, 2017 (Karnataka Act 27 of 2017); (g)   'proper officer' means the officer having the power under the Act to make an order that....

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....   8 (c) Capital goods/plant and machinery held in stock                       8 (d) Inputs held in stock or inputs as contained in semi-finished /finished goods held in stock (where invoice is not available)                       9. Amount of tax payable and paid (based on Table 8) Sl.No. Description ITC reversible/Tax payable Tax paid along with application for cancellation of registration (GST REG-16) Balance tax payable (3-4) Amount paid through debit to electronic cash ledger Amount paid through debit to electronic credit ledger Central Tax State/ Union territory Tax Integrated Tax Cess 1 2 3 4 5 6 7 8 9 10 1. Central Tax                  2. State/Union territory Tax              ....