Vat in Karnataka

Topics: Karnataka, Contract, Bill of sale Pages: 71 (27707 words) Published: June 24, 2013
GOVERNMENT OF KARNATAKA
NO.SAMVYASHAE 47 SHASANA 2002

Karnataka Government secretariat Vidhana Soudha, Bangalore, dated 19-01-2005.

NOTIFICATION Ordered that the translation of in the English language, be published as authorized by the Governor of Karnataka under clause (3) of Article 348 of the constitution of India in the Karnataka Gazette for general information. The following translation of in the English language is published in the Official Gazette under the authority of the Governor of Karnataka under clause (3) of Article 348 of the Constitution of India. xx To: xx xx

The Compiler, Karnataka Gazette, Bangalore, for publication in Part-IVA of the Karnataka Gazette Extraordinary dated: 19th day of January, 2005 and supply spare copies as per standing Orders and supply 1000 copies to the Commissioner, Department of Commercial Taxes, 250 copies to Drafting Section, 250 copies to the Finance Department, 50 copies to the Publication Section and 50 copies to the Codification Section of the Department of Parliamentary Affairs and Legislation.

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2. The Director of Translation, 3rd Floor, F Block, Cauvery Bhavana, Bangalore -560 009. Copy to:1. 2. 3. 4. 5. 6. The Addl. Chief Secretary and Principal Secretary to Government, Finance Department, Vidhana Soudha, Bangalore. The Registrar, High court of Karnataka, Bangalore (with a covering letter) The Cabinet Section The Publication Section The Codification Section Spare copies

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KARNATAKA ACT NO. 32 OF 2004 (First published in the Karnataka Gazette Extraordinary on the twentythird day of December 2004)

THE KARNATAKA VALUE ADDED TAX ACT, 2003
(Received the assent of the President on the fifteenth day of December, 2004) An Act to provide for further levy of tax on the purchase or sale of goods in the State of Karnataka. Be it enacted by the Karnataka State Legislature in Fifty-fourth year of the Republic of India, as follows:Chapter I Introduction 1. Short title, extent and commencement.- (1) This Act may be called the Karnataka Value Added Tax Act 2003. (2) It extends to the whole of the State of Karnataka. (3) It shall come into force on such date as the Government may, by notification, appoint and different dates may be appointed for different provisions of the Act. (4) The tax shall be levied on the sale or purchase of goods made after such date as the Government may, by notification, appoint and different dates may be appointed for different class or classes of goods.

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2. Definitions.otherwise requires:In this Act unless the context

(1) ‘Agriculture’ with its grammatical variations includes horticulture, the raising of crops, grass or garden produce and grazing but does not include dairy farming, poultry farming, stock breeding and mere cutting of wood. (2) ‘Agriculturist’ means a person who cultivates land personally. (3) ‘Agricultural produce or horticultural produce’ shall not be deemed to include tea, beedi leaves, raw cashew, timber, wood, tamarind and such produce, except coffee as has been subject to any physical, chemical or other process for being made fit for consumption, save mere cleaning, grading, sorting or drying. (4) ‘Appellate Tribunal’ means the Karnataka Appellate Tribunal constituted under the Karnataka Appellate Tribunal Act, 1976 (Karnataka Act 59 of 1976). (5) ‘Assessment’ means an assessment made or deemed to have been made under this Act and includes a reassessment. (6) ‘Business’ includes:(a) any trade, commerce, manufacture or any adventure or concern in the nature of trade, commerce or manufacture, whether or not such trade, commerce, manufacture, adventure or concern is carried on in furtherance of gain or profit and whether or not any gain or profit accrues therefrom; and

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(b) any transaction in connection with, or incidental or ancillary to, such trade, commerce, manufacture, adventure or concern. (7) ‘Capital goods’ means plant, including cold storage and similar plant, machinery, goods vehicles,...
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