In exercise of the powers, conferred by section 26 of the Jammu and Kashmir General Sales Tax Act, 1962, the Government hereby directs that the following amendments shall be made in the Jammu and Kashmir General Sales Tax Rules, 1962:-

(ix) In Rule 8-A, after the existing proviso, a second proviso shall be added, namely:

"Provided further that the dealers involved in the execution of works contracts, in whose case tax is deducted at source, shall not be required to pay any renewal fee and registration, once granted, shall remain valid unless cancelled".

(x) in Rule 14-B, after the existing proviso a second proviso shall be added namely:

"Provided further that, in the case of dealers, involved in the execution of works contracts, where tax is deducted at source, the requirement of furnishing the security shall be waived off."

(xi) In Rule 72, the following shall be added after the words and figure "Form ST-64."

"This certificate shall remain valid for one financial year."

This notification shall come into force w.e.f 01-04-2012.

By Order of the Government of Jammu and Kashmir.

Sd/-

(Iqbal Khandey) IAS

Principal Secretary to Government

Finance Department.