In exercise of the powers conferred by section 26 of the Jammu and Kashmir General Sales Tax Act, 1962, the Government hereby direct that after rule 24 - B of the Jammu and Kashmir General Sales Tax Rules, 1962 the following rule shall be added:-

"24-C The dealers who have filed their returns/ revised returns for any assessment year up to 31-03-2005 and have paid the admitted tax due thereon but are yet to be assessed and those dealers who are yet to file the returns for the period but have paid the admitted tax and have not been assessed so far shall be deemed to have been assessed, for the period for which the assessment is pending subject to the fulfillment of following conditions:-

1. The dealers shall file their pending quarterly/revised annual returns by 31st December, 2007.

2. That the dealers shall file their trading accounts/ balance sheets and purchase statements, in respect of the years for which assessment(s) are pending by 31st December, 2007. The industrial unit holders shall in addition file manufacturing accounts and sales statements.

3. The dealers who have made sales to the Govt. Departments and are claiming concessional rate of tax shall file a statement of such sales alongwith original certificates in form "D"

4. The dealers in whose case tax has been deducted at source under section 16-C of The Jammu & Kashmir General Sales Tax Act, 1962 shall file a statement of such deductions alongwith original T.D.S Certificates.

5. The dealers who claim exemption on account of sales of raw material made to the industrial units shall file a statement of such sales alongwith original declaration forms.

6. The liquor dealers who claim sales against declarations in Form-A shall file a statement of such sales alongwith original Forms '

7. The dealers shall render account of all statutory forms issued to them viz. Forms ' Forms 'F' and Forms 'H' (prescribed under Central Sales Tax) and Declaration Forms for purchase of raw material by industrial units and Declaration forms in Form ' for sale of liquor.

8. The dealers shall submit a prescribed declaration and a prescribed statement as regards the truthfulness/authenticity of the returns/ documents filed for purposes of Deemed Assessment. This notification shall come into force from the date of its issuance.

By order of the Government of Jammu and Kashmir.