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Start Free TrialKarnataka Value Added Tax Act, 2003 Section 50
Title: 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 (1) shall be on the balance of the amount remaining after adjusting out of the refundable amount any tax, interest or other amount due under this Act, for any year by the person on the date from which such interest is calculable. (3) In computing the period of thirty five days referred to in sub-section (1), such periods as may be prescribed shall be excluded. (4) The interest payable for a.....
View Complete Act List Judgments citing this sectionValue Added Tax Act, 2003 Section 50
Title: 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 thereunder 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 of twelve percent 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 (1) shall be on the balance of the amount remaining after adjusting out of the refundable amount any tax, interest or other amount due under this Act, for any year by the person on the date from which such interest is calculable. (3) In computing the period of thirty five days referred to in sub-section (1), such periods as may be prescribed shall be excluded. (4) The interest payable for a.....
View Complete Act List Judgments citing this sectionKarnataka Local Fund Authorities Fiscal Responsibility Act, 2003 Section 1
Title: Short Title, Extent and Commencement
State: Karnataka
Year: 2003
(1) This Act may be called the Karnataka Local Fund Authorities Fiscal Responsibility Act, 2003. (2) It extends to such Local Fund Authorities as may be notified by the State Government from time to time. (3) It shall come into force on such date as the State Government may, by notification, appoint.
View Complete Act List Judgments citing this sectionKarnataka Value Added Tax Act, 2003 Section 78
Title: 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 sectionValue Added Tax Act, 2003 Section 1
Title: Short Title, Extent and Commencement
State: Karnataka
Year: 2003
(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.
View Complete Act List Judgments citing this sectionKarnataka Value Added Tax Act, 2003 Section 75
Title: 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 sectionKarnataka Value Added Tax Act, 2003 Section 73
Title: 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 sectionKarnataka Value Added Tax Act, 2003 Section 90
Title: Power to Remove Difficulties
State: Karnataka
Year: 2003
(1) If any difficulty arises in giving effect to the provisions of this Act in consequence of the transition to the said provisions of this Act from the provisions of the Acts in force immediately before the commencement of this Act, the Government may by Notification in the Official Gazette make such provisions as appear to it to be necessary or expedient for removing difficulty. (2) If any difficulty arises in giving effect to the provisions of the Act, otherwise than in relation to the transition from the provisions of the Acts in force before the commencement of this Act, the Government may, by notification, make such provisions, not inconsistent with the purposes of this Act, as appear to it to be necessary or expedient for removing the difficulty.
View Complete Act List Judgments citing this sectionKarnataka Value Added Tax Act, 2003 Section 87
Title: Power to Summon Persons to Give Evidence
State: Karnataka
Year: 2003
(1) The officers empowered by Rules made in this behalf shall have all the powers conferred on a Court by the Code of Civil Procedure, 1908 (Central Act V of 1908), for the purpose of securing attendance of persons or the production of documents in any enquiry under this Act. (2) The Commissioner or the assessing, appellate or revising authority shall, in securing the attendance of any dealer as a witness before the Tribunal or High Court or for production of any document for the purposes of this Act at such proceedings, have the same powers as those conferred on a civil court under the provisions of the Civil Procedure Code, 1908 (Central Act 5 of 1908).
View Complete Act List Judgments citing this sectionKarnataka Value Added Tax Act, 2003 Section 86
Title: 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.
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