In exercise of the powers vested in the undersigned under section 60 of the Jammu and Kashmir Value Added Tax Act, 2005 (as amended vide Act No. V of 2008), it is hereby notified that the limit of gross turnover in a year in respect of registered dealers to get their accounts audited by a Chartered Accountant, shall be Rs. 60.00 lac instead of Rs. 40.00 lac.

This notification shall come into force w.e.f. 01.04.2010

By order of the Government of Jammu and Kashmir.

Sd/-

(Bashir Ahmed)IAS

Commissioner Commercial Taxes