In exercise of the powers vested in me under section 60 of the Jammu and Kashmir Value Added Tax Act, 2005, 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 or Cost and Works Accountant shall be Rs. 1.00 crore instead of Rs. 60 lacs.

This notification shall come into force w.e.f 01.04.2014

Kifayat Hussain Rizvi) IAS

Commissioner of Commercial Taxes, J & K