The Government of Jammu & Kashmir on January 24, 2024, issued a notification to partially modify the notification no. SRO 63 of 2018 dated 05.02.2018 regarding the Budgetary support to the manufacturing units in the shape of reimbursement of State Taxes paid under the Jammu and Kashmir Goods and Service Tax Act, 2017, for the promotion of small/ medium/ large scale industries in the State of Jammu and Kashmir.
The following amendments have been stated:
For the words "Commercial Taxes" wherever appearing in the SRO 519 dated December 21, 2017, the words "State Taxes" shall be substituted.
• The Clause 4.1 has been re-casted as under:
The Commissioner of State Taxes shall select 33% of the reimbursement claims received in a quarter for inspection by a team constituted for this purpose. The inspection report shall be made available to the Jurisdictional Assistant Commissioner/State Taxes Officer within seven days from the date of inspection. It shall be ensured that each eligible unit claiming reimbursement shall be inspected at least once in a financial year and the selection of the units that are repeated shall be based on higher turnover on a random basis or any specific input.
The reimbursement claims of eligible units selected for inspection in a particular quarter shall not be processed unless the report from the inspection teams is received.
• After Clause 5.1, clause 5.1 (A) shall be inserted, namely:-
"5.1(A) The Assistant Commissioner/State Taxes Officer, as the case may be, after examination of the application, if satisfied on such examination that it is necessary to call for any clarification/documents like invoices, statements etc. before processing the case, he may call for such information/documents from the claimant dealer through registered email id available on the reimbursement portal and the unit holder shall provide the same within 07 days from the receipt of the intimation by return mail, failing which his claim to that extent shall not be sanctioned."
The notifications will come into force on January 23, 2024.
[Notification No. S.O 70]
