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KARNATAKA VALUE ADDED TAX ACT, 2003 Complete Act

KARNATAKA VALUE ADDED TAX ACT, 2003:

Preamble 1 - KARNATAKA VALUE ADDED TAX ACT, 2003

Chapter I    
Section 1 - Short title, extent and commencement
Section 2 - Definitions

Chapter II    
Section 3 - Levy of tax
Section 4 - Liability to tax and rates thereof
Section 5 - Exemption of tax
Section 6 - Place of sale of goods
Section 7 - Time of sale of goods
Section 8 - Agents liable to pay tax
Section 9 - Collection of tax by registered dealers, governments and statutory authorities
Section 9A - Deduction of tax at source (in case of works contract)
Section 10 - Output tax, input tax and net tax
Section 11 - Input tax restrictions
Section 12 - Deduction of input tax in respect of capital goods
Section 13 - Pre - registration purchases
Section 14 - Special rebating scheme
Section 15 - Composition of tax
Section 16 - Special accounting scheme
Section 17 - Partial rebate
Section 18 - Deduction of tax at source in the case of canteens
Section 18A - Deduction of tax at source in the case of certain goods
Section 19 - Change or tax payment scheme after deduction of input tax
Section 20 - Deduction of input tax on exports and interstate sales, and to special economic zone units and developers etc
Section 21 - Reimbursement of tax

Chapter III    
Section 22 - Liability to register
Section 23 - Voluntary registration
Section 24 - Suo motu registration
Section 25 - Registration
Section 26 - Security
Section 27 - Cancellation of registration
Section 28 - Obligation of registered dealer to inform changes after registration

Chapter IV    
Section 29 - Tax invoices and bills of sale
Section 30 - Credit and debit notes
Section 31 - Accounts
Section 32 - Period of retention of accounts
Section 33 - Electronic records
Section 34 - Requirement to provide documents and information

Chapter V    
Section 35 - Returns
Section 36 - Interest in case of failure to furnish returns or to pay tax declared on returns or other amounts payable
Section 37 - Rate of interest
Section 38 - Assessment of tax
Section 39 - Re - assessment of tax
Section 40 - Period of limitation for assessment
Section 41 - Power of rectification of assessment or re - assessment in certain cases
Section 42 - Payment and recovery of tax, penalties, interest and other amounts, issuance of clearance certificates
Section 43 - Duties of receivers
Section 44 - Special provisions relating to companies
Section 45 - Recovery of tax, penalty, or any other amount, from certain other persons
Section 46 - Tax payable on transfer of business, assessment of legal representatives, etc
Section 47 - Payment and disbursement of amounts wrongly collected by dealer as tax
Section 47A - Rounding off of tax, etc
Section 48 - Tax to be first charge on property
Section 49 - Period of limitation for recovery of tax
Section 50 - Payment of interest on refunds
Section 51 - Power to withhold refund in certain cases
Section 52 - Production and inspection of documents and powers of entry, search and seizure
Section 53 - Establishment of check posts and inspection of goods in movement
Section 54 - Transit of goods by road through the state and issue of transit pass
Section 55 - Penalty in case of under - valuation of goods
Section 56 - Liability to furnish information by certain agents
Section 57 - Special evidential requirements relating to banks

Chapter VI    
Section 58 - Appointment of commissioners, additional commissioners, joint commissioners, deputy commissioners, assistant commissioners, state representatives and commercial tax officers
Section 59 - Instructions to subordinate authorities
Section 60 - Clarification and Advance Rulings
Section 61 - Jurisdiction of officers and change of incumbent of an office

Chapter VII    
Section 62 - Appeals
Section 63 - Appeal to the appellate tribunal
Section 63A - Revisional powers of Joint Commissioner
Section 64 - Revisional powers of additional commissioner and commissioner
Section 65 - Revision by high court in certain cases
Section 66 - Appeal to high court
Section 67 - Objections to jurisdiction
Section 68 - Petitions, applications and appeals to high court to be heard by a bench of not less than two judges
Section 69 - Rectification of mistakes
Section 70 - Burden of proof

Chapter VIII    
Section 71 - Penalties relating to registration
Section 72 - Penalties relating to returns and assessment
Section 73 - Penalties in relation to unauthorised collection of tax
Section 74 - Penalties relating to the keeping of records
Section 75 - Penalties relating to production of records and furnishing of information
Section 76 - Penalties relating to tax invoices, bills of sale, credit notes and debit notes
Section 77 - Penalties relating to electronic tax registers and to unaccounted stocks
Section 78 - Offences against officers
Section 79 - Fraudulent evasion of tax
Section 80 - Cognizance of offences
Section 81 - Disclosure of information
Section 82 - Compounding offences
Section 83 - Validity of assessments not to be questioned in prosecution
Section 84 - Bar and limitation to certain proceedings
Section 85 - Courts not to set aside or modify assessments except as provided under this act
Section 86 - Appearance before any authority in proceedings
Section 87 - power to summon persons to give evidence
Section 88 - Power to make rules
Section 89 - Laying of rules and notifications before the state legislature
Section 90 - Power to remove difficulties
Schedule 1 - FIRST SCHEDULE
Schedule 2 - SECOND SCHEDULE
Schedule 3 - THIRD SCHEDULE
Schedule 4 - FOURTH SCHEDULE
Schedule 5 - FIFTH SCHEDULE
Schedule 6 - SIXTH SCHEDULE


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