TaxTMI 
TaxTMI 
Jammu and Kashmir Reimbursement of Integrated Goods and Services Tax for promotion of Small/Medium/Large Scale Industries in the State of Jammu and Kashmir
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..... Short Title and Commencement The scheme shall be called as Jammu and Kashmir Reimbursement of Integrated Goods and Services Tax for promotion of Small/Medium/Large Scale Industries in the State of Jammu and Kashmir. The said Scheme shall deemed to have come into operation w.e.f. 01.04.2018 for an eligible unit and shall remain in force till the last date of Industrial Policy 2016. Objective 1.1 The State Government, in recognition of the hardships arising due to withdrawal of Central Sales Tax exemption granted under section 8(5) of the Central Sales Tax Act, 1956, has decided that it would provide budgetary support to the eligible units by way of part reimbursement of the Integrated Goods and Services ....
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....his scheme shall be worked out on quarterly basis for which claims shall be filed on a quarterly basis namely for January to March, April to June, July to September & October to December. All claims of reimbursement shall be supported by hard copies of the E-way bills duly endorsed by the consignee to the effect that the goods have been delivered and accounted for. Provided that the claims for the quarters April to June 2018 shall be filed alongwith the claim for the quarter July to September 2018. 3.3 Any unit which is found on investigation to make any mis-declaration to claim reimbursement would be in-eligible for the scheme and shall be liable for recovery of excess reimbursement paid to the industrial unit, if any. ....
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.... a team(s) constituted by Commissioner Commercial Taxes. The inspection report shall be made available to the jurisdictional Assessing Authority before sanction of the reimbursement. Reimbursement amount will be released only after the findings reported by these teams are available. Provided that where delay is expected in such findings of the inspection, the Jurisdictional Assessing Authority may sanction provisional reimbursement to the eligible unit. Such provisional reimbursement shall not continue beyond a period of six months. 5. MANNER OF BUDGETARY SUPPORT 5.1 The manufacturer shall file an application on prescribed format to be notified by Commissioner Commercial Taxes for reimbursement of the amount as prescribed ....
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....ution 6.1 The reimbursement allowed is subject to the conditions specified under the scheme and in case of contravention of any provision of the scheme/ notification, the reimbursement shall be deemed to have never been allowed and any inadmissible reimbursement including the budgetary support paid for the past period under this scheme shall be recovered alongwith an interest @16% per annum thereon. In case of recovery or voluntary adjustment of excess payment, repayment, recovery or return, interest shall also be paid by unit at the rate of fifteen per cent per annum calculated from the date of payment of refund till the date of repayment, recovery or return. 6.2 When any amount under the scheme is availed by wrong declar....
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.... 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 of the concerned Division to recover that amount, as if it were arrears of land revenue under J&K Land Revenue Act. 7. The Finance Department shall review the viability of the policy at the end of every financial year with special reference to its continuance in the next financial year, the items in the Negative list, determination of the amount of reimbursement etc. Saving Clause 8. Upon cessation of the Scheme, the unpaid claims shall be settled in accordance with the provisions of the Scheme while the recovery and dispute resolution mechanisms shall contin....
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.... 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. Place: Signature... Date: Name Seal... Status ANNEXURE C AFFIDAVIT - CUM - INDEMNITY BOND I/We ........................................Shri s/o ........................................ (add names) in my/our capacity of ........................................(designation) of ........................................ (Company/Unit Name) hereby solemnly affirm and declare for and on........................................behalf of (company/unit name) that an application for registration for reimbursement of budgetary suppo....