news details |
|
|
| Road schemes in Kathua | | Toll Tax, VAT | |
Minister of State for R&B Mr. Gulchain Singh Charak said in Legislative Assembly today that the constituency-wise details of rural roads sanctioned in Kathua are as under:
Name of constituency No. of Projects sanctioned No. of projects
Submitted
Bani 6 7
Basohli 6 7
Bilawar 8 8
Hiranagar 6 3
Kathua 4 8
Total 30 33
He said one scheme Badholi to Chikh road having a length of 1.96 km and an estimated cost of Rs. 56.63 lakh has been sanctioned under PMGSY and for which tenders have been invited.
In reply to a question in Legislative Assembly by Mr. Ajay Sadhotra, Deputy Chief Minister Mr. Muzaffar Hussain Baig told the House that toll tax is being levied under J&K Levy of Tolls Act Svt 1958 whereas VAT is levied under J&K Value Added Tax Act, 2005. Entry Tax is levied on scheduled goods meant for personal use or consumption and not on goods imported by the dealers meant for sale.
He said continuance of these commodities in zero rate category beyond 30.09.2006 is contingent upon the decision of the Empowered Committee of State Finance Ministers at the national level.
He said the Jammu and Kashmir VAT Act 2005 and the rules made thereunder provide for input Tax Credit on closing stock held by registered dealers on the appointed day. Some dealers have claimed input Tax Credit in their return for the year 2005-06 and the credit shall be afforded to the eligible dealers in accordance with the stipulation of the said Act/Rules. Section 22(4) provides the refund of excess input Tax Credit only after the end of second financial year.
He said Dry Fruits have been placed in 12.5 percent rate category as approved by Empowered Committee of State Finance Ministers. Our State is strictly adhering to the approved VAT rates, he said. The Empowered Committed is closely monitoring the decisions and is contemplating action against the erring states, Mr. Baig added. |
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
 |
|
|
