Title : Levy of Tax
State : Karnataka
Year : 2003
(1) The tax shall be levied on every sale of goods in the State by a registered dealer or a dealer liable to be registered, in accordance with the provisions of this Act. (2) The tax shall also be levied, and paid by every registered dealer or a dealer liable to be registered, on the sale of taxable goods to him, for use in the course of his business, by a person who is not registered under this Act. View Complete Act List Judgments citing this sectionTitle : Exemption of Tax
State : Karnataka
Year : 2003
1[(1)] Goods specified in the First Schedule and any other goods as may be specified by a notification by the State Government shall be exempt from the tax payable under this Act. 3[subject to much restrictions and conditions as may be specified in the notifications] 4[(1-A) Any notification issued under sub-section (1), shall be valid until it is cancelled or varied, notwithstanding that the tax payable in respect of such goods is modified by amendment to this Act.] 2[(2) Notwithstanding anything contained in this Act, the Government may, in such circumstances and subject to such conditions as may be specified, by notification, and subject to such rules as may be prescribed, exempt the whole or any part of the tax payable for any period on sale of goods made to or made by a new..... View Complete Act List Judgments citing this sectionTitle : Special Accounting Scheme
State : Karnataka
Year : 2003
Where a dealer liable to pay tax under Section 4 is unable to identify each individual sale, its value or the rate of tax, 1[or is unable to issue a tax invoice as specified in section 29 for each individual sale] he may apply to the prescribed authority to pay net tax under Section 10 under a special method to be mutually agreed by such authority in such manner as may be prescribed. ________________________ 1. Inserted by Act 27of 2005 w.e.f. 1.6.2005. View Complete Act List Judgments citing this sectionTitle : Suo Motu Registration
State : Karnataka
Year : 2003
Where a dealer liable to be registered has failed to inform the competent authority of his liability to be registered, the competent authority may after conducting such survey, inspection or enquiry as may be prescribed, proceed to register such person under Section 22. View Complete Act List Judgments citing this sectionTitle : Duties of Receivers
State : Karnataka
Year : 2003
(1) A receiver appointed by any court shall notify the Commissioner in writing within fourteen days after being appointed to the position of receiver or taking possession of an asset in the State whichever is earlier. (2) The Commissioner may notify the receiver in writing of the amount which appears to be sufficient to provide for any tax which is or will become payable by the person whose assets are in the possession of the receiver. (3) A receiver shall not part with any asset in the State, which is held by the receiver in his capacity as receiver without the prior written permission of the Commissioner or any other officer authorised by him. (4) A receiver.- (a) shall set aside, out of the proceeds of sale of an asset, the amount notified by the Commissioner under..... View Complete Act List Judgments citing this sectionTitle : Payment of Interest on Refunds
State : Karnataka
Year : 2003
(1) Where any amount refundable to any person under an order made, or proceedings taken, under any provision of this Act or Rules made there under is not refunded to him within thirty five days, (a) of the date of such order, if that order is made by the refunding authority, or (b) of the date of receipt of such order by the refunding authority, if that order is made by an authority other than the refunding authority, the refunding authority, being any officer of the Commercial Taxes Department authorized to make any refund under this Act, shall pay such person simple interest at the rate of1[six per cent] per annum on the said amount from the day immediately following the expiry of the said thirty five days to the day of the refund. (2) The interest calculable under sub-section..... View Complete Act List Judgments citing this sectionTitle : Clarification and Advance Rulings
State : Karnataka
Year : 2003
1[(1) The Commissioner may constitute an 'Authority for Clarification and Advance Rulings', consisting of atleast three Additional Commissioners, to clarify the rate of tax in respect of any goods or the eligibility to tax of any transaction or eligibility of deduction of input tax or liability of deduction of tax at source under the Act, in respect of any case or class of cases as the Commissioner may specify. (2) Any registered dealer seeking clarification or advance ruling under this section, shall make an application to the Authority in such form, accompanied by proof of payment of such fee, paid in such manner as may be prescribed. (3) No officer or any other authority of the Department or the Appellate Tribunal shall proceed to decide any issue in respect of which an..... View Complete Act List Judgments citing this sectionTitle : Penalties Relating to Tax Invoices, Bills of Sale, Credit Notes and Debit Notes
State : Karnataka
Year : 2003
2[(1) A registered dealer who.-- (a) fails to provide a tax invoice as required by sub-section (1) of section 29 or a credit or debit note as required by sub-section (1) or sub-section (2) of section 30, or (b) provides a tax invoice otherwise than in accordance with the provisions of section 29 or a credit or a debit note as provided in section 30, shall be liable to a penalty of two thousand rupees or an amount equivalent to the tax payable on the transaction, whichever is higher for such offence which is the first during a financial year and if the offence committed is not the first offence during a financial year, a penalty of five thousand rupees or an amount equivalent to the tax payable on the transaction, whichever is higher. (2) A registered dealer who fails to issue a..... View Complete Act List Judgments citing this sectionTitle : Appearance Before Any Authority in Proceedings
State : Karnataka
Year : 2003
Any person who is entitled to appear before any authority other than the High Court in connection with any proceeding under this Act, may be represented before such authority (a) by his relative or a person regularly employed by him if such relative or person is duly authorized by him in writing in this behalf; (b) by a legal practitioner; or (c) subject to such conditions as may be prescribed, by an Accountant or by a person enrolled in the prescribed manner as a Tax Practitioner by the Commissioner, and duly authorized by the person whom he represents. View Complete Act List Judgments citing this sectionTitle : Output Tax, Input Tax and Net Tax
State : Karnataka
Year : 2003
(1) Output tax in relation to any registered dealer means the tax payable under this Act in respect of any taxable sale of goods made by that dealer in the course of his business, and includes tax payable by a commission agent in respect of taxable sales of goods made on behalf of such dealer subject to issue of a prescribed declaration by such agent. (2) Subject to input tax restrictions specified in Sections 11,12,14, 1[17 and 18], input tax in relation to any registered dealer means the tax collected or payable under this Act on the sale to him of any goods for use in the course of his business, and includes the tax on the sale of goods to his agent who purchases such goods on his behalf subject to the manner as may be prescribed to claim input tax in such cases. (3) Subject to..... View Complete Act List Judgments citing this section