Title : Accounts
State : Karnataka
Year : 2003
(1) Every registered dealer and every dealer liable to pay tax under this Act shall keep and maintain a true and correct account, in Kannada or English or Hindi or in such other language as the Government may, by notification, specify, of all his purchases, receipts, sales, other disposals, production, manufacture and stock showing the values of goods subject to each rate of tax under this Act including input tax paid and output tax payable. (2) If the Commissioner or prescribed authority is of the opinion that the accounts kept and maintained by any dealer or any class of dealers do not sufficiently enable him or it to verify the returns required under this Act or to make any assessment under it, he or it may, by order, require any dealer or class of dealers, to keep such accounts..... View Complete Act List Judgments citing this sectionTitle : Establishment of Check Posts and Inspection of Goods in Movement
State : Karnataka
Year : 2003
(1) If the Government or the Commissioner considers it necessary, with a view to prevent or check evasion of tax under this Act in any place or places in the State, it or he may, by notification, direct the establishment of a check post or the erection of a barrier, or both, at such place or places as may be notified. (2) The owner or person in charge of a goods vehicle or a boat, ship or similar vessel shall: (a) carry with him a goods vehicle record, a trip sheet or a log book, as the case may be; and (b) carry with him 5[such documents as may be prescribed] 11[or notified by the Commissioner] in respect of the goods carried in the goods vehicle or boat, ship or similar vessel; and (c) 1[report at the first check -post or barrier situated on the route ordinarily taken from..... View Complete Act List Judgments citing this sectionTitle : Appeals
State : Karnataka
Year : 2003
(1) Any person objecting to any order or proceedings affecting him passed under the provisions of this Act by the prescribed authority may appeal to the prescribed appellate authority. (2) The appeal shall be preferred, (a) in respect of an order of assessment, within thirty days from the date on which the notice of assessment, was served on the appellant, and (b) in respect of 3[any other order or proceedings] within thirty days from the date on which the order was communicated to the appellant: (3) The appellate authority may admit an appeal preferred after the period as aforesaid but within a further period of one hundred and eighty days, if it is satisfied that the appellant had sufficient cause for not preferring the appeal within that period. (4) (a) No appeal against..... View Complete Act List Judgments citing this sectionTitle : Penalties Relating to Returns and Assessment
State : Karnataka
Year : 2003
5[(1)A dealer who fails to furnish a return or who fails to pay the tax due on any return furnished as required under the Act shall be liable to pay together with any tax or interest due, 4[(a) a penalty of fifty rupees for each day of default and where such default is more than five days, such penalty,- (i) shall not exceed two hundred and fifty rupees if the tax due is less than the said amount; (ii) shall be calculated at fifty rupees per day not exceeding the amount of tax due, if the tax due is more than two hundred and fifty rupees; and] (a) a penalty of fifty rupees for each day of default and where such default is for more than five days, such penalty shall not exceed an amount of two hundred and fifty rupees or equal to the amount of tax due whichever is higher, and ..... View Complete Act List Judgments citing this sectionTitle : Cancellation of Registration
State : Karnataka
Year : 2003
(1) In any case where, (a) any business of a registered dealer has been discontinued, transferred fully or otherwise disposed of; or (b) there is any change in the status of the ownership of the business; or (c) the taxable turnover of sale of goods of a registered dealer has, during any period of 1[twelve consecutive months] not exceeded 4[five lakh rupees]; or (d) a dealer issues tax invoices without effecting any taxable sales; or (e) a dealer being an individual, registered under this Act dies, and for any other good and sufficient reason, the prescribed authority may, either on its own motion or on the application of the dealer, or in the case of death, on the application of the legal heirs, made in the prescribed manner, cancel the registration certificate from such..... View Complete Act List Judgments citing this sectionTitle : Tax to Be First Charge on Property
State : Karnataka
Year : 2003
Notwithstanding anything to the contrary contained in any law for the time being in force, any amount payable by a dealer or any other person on account of tax, penalty or interest or any amount which a dealer is required to pay or deduct from payment or for which he is personally liable to the Government shall be a first charge on the property of the dealer or such person, as the case may be. View Complete Act List Judgments citing this sectionTitle : Penalties in Relation to Unauthorised Collection of Tax
State : Karnataka
Year : 2003
(1) If any dealer, not being registered under this Act, collects any amount by way of tax or purporting to be by way of tax under this Act, he shall be liable to remit to the prescribed authority such amount, whether or not that amount would be payable under the provisions of this Act, and also liable to a penalty of an amount1[not exceeding] the amount so collected, after being given the opportunity of showing cause in writing against repayment of the tax and the imposition of such penalty. (2) The power to levy the above penalty shall be vested in the assessing authority as prescribed. ________________________________ 1. Substitued for the words " equal to " by Karnataka Value Added Tax (Amendment ) Act, 2005. View Complete Act List Judgments citing this sectionTitle : Penalties Relating to Production of Records and Furnishing of Information
State : Karnataka
Year : 2003
Any dealer or person who on demand by the prescribed authority fails to produce any records or furnish any information in accordance with the requirements of this Act, after being given the opportunity of showing cause in writing against the imposition of a penalty, shall be liable to a1[penalty not exceeding ] five thousand rupees and, in addition, two hundred rupees per day for so as long as the failure continues. _________________________________ 1. Substituted for the words "penalty of" by Karnataka Value Added Tax (Amendment ) Act, 2005. View Complete Act List Judgments citing this sectionTitle : Offences Against Officers
State : Karnataka
Year : 2003
Any person who obstructs, hinders, molests or assaults an authorised officer or any other public servant assisting him in the performance of his duties under this Act, or does anything which is likely to prevent or obstruct any search or production of evidence, shall be liable on conviction by a Court, not inferior to that of a Magistrate of the First Class, to a fine of not less than five thousand rupees but not exceeding 1[twenty -five thousand rupees or to imprisonment for a period not exceeding one year or both]. _________________________________ 1. Substituted for the words fiftythousand rupees and imprisonment for a period not less than fifteen days but not exceeding one year " by Karnataka Value Added Tax (Amendment ) Act ,2005. View Complete Act List Judgments citing this sectionTitle : Deduction of Input Tax on Exports and Interstate Sales, and to Special Economic Zone Units and Developers Etc
State : Karnataka
Year : 2003
(1) Tax paid under this Act by any dealer on purchase of inputs in respect of (a) any goods sold in the course of export out of the territory of India, or (b) any goods taxable under the Act, sold in the course of interstate trade or commerce. (c)1[****] (d)1[****] shall be deducted as provided under Section 10 2[subject to such conditions as may be prescribed] from output tax payable by such dealer. 3[(2) Tax paid under this Act on purchase of inputs by a registered dealer who is a unit located in any special economic zone established under authorization by the authorities specified by the Central Government in this behalf, shall be deducted as provided under Section 10 subject to such conditions as may be prescribed, from the output tax payable by such dealer.] . ..... View Complete Act List Judgments citing this section