The Commissioner of
Commercial Taxes, Karnataka has issued Notification No. ADCOM (I&C)/DC(A3)-CR:158/2013-14 dated 05/03/2014
applicable with effect from 01.04.2014 in supercession of the
earlier Notification ADCOM (I&C)/P.A./CR-31/2011-12 dated 09/10/2013:
SUMMARY OF CHANGES: (applicable W.E.F. 01.04.2014)
Changes made in Part
– A of the Notification applicable to sale of goods where value exceeds Rs.
25000:
(A) Additional
commodities notified are as follows:
(i)
Hosiery
goods
(ii)
Oil
cakes of all kinds
(B) Amendments made to commodities notified
in earlier notification:
(i)
Plastic
granules were notified now plastic in powder is notified commodity
(ii)
Hardware
of all kinds excluding computer hardware was notified and the exclusion of
computer hardware has been deleted – Hence computer hardware is also notified
commodity in Part A and e-sugam has to uploaded for sale of the same
(iii)
Gutka
has been de-notified
(iv)
Earlier
only readymade garments were notified and under new notification in addition
thereto clothing accessories and other made up textiles articles listed in
entry 78 of Third Schedule to KVAT Act have been notified - which
includes bed linens, toilet linens, curtains, other furnishing articles, etc.
which are liable to tax at 5.5 %
(C) Earlier the E-sugam in respect of
sale under Part – A of the notification was required where sale value
exceeded Rs. 20000 which now stands increased
to Rs. 25000.
In Part – C of the
Notification applicable for purchase or receipt of goods form outside the State
the following changes have been made:
(i)
Gutka
has been de-notified
(ii)
Hosiery
goods have been newly notified
(iii)
The
exclusion of Computer hardware in Hardware of all kinds stands deleted and
hence computer hardware also notified as in Part – A of the Notification – Thus
E-sugam has to be uploaded for purchases / receipt of Computer hardware on
import or from outside the state
(iv)
Entry
pertaining to readymade garments stands extended to clothing accessories and
other made up textiles articles listed in entry 78 of Third Schedule to KVAT
Act as in Part – A of the Notification
Period of validity of
E-sugam as per New Notification shall be as follows:
|
Distance between
origin and destination of goods is
|
Period of validity
form time of uploading
|
|
Less than 100 kms
|
2 days
|
|
101 to 500 kms
|
3 days
|
|
501 to 1000 kms
|
5 days
|
|
1001 to 2000 kms
|
10 days
|
|
2000 kms
and above
|
12 days
|
The
only change being new category has been created where the distance between
origin and destination is beyond 2000 kms and period of validity has been
extended by further period of 2 days to 12 days under new notification.
Please
take note of the changes and ensure compliance.
Note :- Thanks to Mr.Gurudatta shenoy, Advocate,.
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