The Gujarat Value Added Tax Act, 2003- Notifications
-

Body Notification No. (GHN-14) VAT-2014-S.11 (6) (4)-TH : - Dated 23rd September, 2014

WHEREAS, the Government of Gujarat considers it necessary so to do in the public interest;

NOW, THEREFORE, in exercise of the powers conferred by sub-section (6) of section 11 of the Gujarat Value Added Tax Act, 2003 (Guj. 1 of 2005), the Government of Gujarat hereby amends the Government Notification, Finance Department No. (GHN-14)VAT-2010-S11 (6) (2)-TH, dated the 29th June, 2010, as follows, namely;-

In the Schedule appended to the said notification, for the entry at serial No. 2, the following entry shall be substituted, namely:-

Entry No.

Description of goods

Non entitlement of tax Credit whether whole or partial

Restrictions and conditions if any

All goods excluding the goods specified in Schedule II of the Act, in entries at serial numbers,-

(i) 13,

(ii) 24,

(iii) 48(i) namely Isabgul, Jira, variali, Methi, Suva, Ajma, Asalia, Kalingda seeds, Khas khas, Dhana, Dhana dal and Pepper,

(iv) 54 and

(v) 76.

(2) all goods excluding the goods specified below:-

To the extent of One percent on the taxable turnover of purchases within the state for which tax credit is admissible

This entry shall come into force with effect from 1st October, 2014

The input Tax credit shall be reduced when;

(i) the goods are sold/resold in the course of inter state trade or commerce, or

(ii) the goods are used as input including raw material in the manufacture of goods which are sold in the course of inter state trade or commerce.

(2)(i) Crude oil, furnace oil, aviation turbine fuel, high speed diesel oil, light diesel oil, solvent, petrol, low sulphur heavy stock, linear alkyl benzene, bitumen, liquefied petroleum gas and other Petroleum Products

(ii) Natural gas;

Explanation:

"Petroleum product" means any commodity made from petroleum or natural gas and shall include refined crude oil, processed crude petroleum, residuum from crude petroleum,cracking stock, uncracked fuel oil, fuel oil, treated crude oil residuum, casing head gasoline, natural gas gasoline, naphtha, distillate gasoline, kerosene, waste oil, blended gasoline, lubricating oil, blends or mixture of oil with one or more liquid products or by-products derived from oil or gas, and blends or mixtures of two or more liquid products or by-products derived from oil condensate; gas or petroleum hydrocarbons; whether herein enumerated or not.

To the extent of two percent on the taxable turnover of purchases within the State for which tax credit is admissible.

By order and in the name of the governor of Gujarat,

(Rajesh Manjhu),

Joint Secretary to Government