In exercise of the powers conferred by the sub-section (1) of Section 45 of the Jharkhand Value Added Tax Act, 2005 (Jharkhand Act 05, 2006), the Governor of Jharkhand is pleased to specify the rates in column-3 of the Schedule below at which the amount of tax is to be deducted in advance in respect to the sales or supplies of taxable goods made to (i) the State Government; or (ii) Central Government; or (iii) a Company, Corporation, Board, Authority, undertaking or any other body owned, financed or controlled either wholly or partly by the State Government or the Central Government shall, at the time of payment, deduct an amount at the rate as mentioned in column-2 of the said schedule from the bills or invoices raised by the sellers or suppliers, subject to the conditions and restrictions, set out in column (4) thereof: -
Schedule
(b) The deduction for any supplier shall commence immediately after, exceeding the cumulative bill(s) amounting to Rs. 1 lac during a year
(c) No deduction shall be made, if the supplier furnishes Form JVAT 407.
(b) The deduction from any person(s) shall commence immediately after, exceeding the cumulative bill(s) amounting to Rs. 1 lac during a year
(c) The deduction for any supplier shall commence immediately after, exceeding the cumulative bill(s) amounting to Rs. 1 lac during a year
(d) No deduction shall be made, if the supplier furnishes Form JVAT 407.
This Notification shall come into force with effect from 1st April, 2006.