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VAT2005-17
NOTIFICATION
No. FD 56 CSL 2005(4) Bangalore, Dated 18.04.2005
 
Whereas, the Government of Karnataka has issued notifications from time to time providing for exemptions from payment of Central Sales Tax on the sales of the goods manufactured by Industrial Units including mega projects which are covered under different Industrial Policies for different periods and these notifications provide for exemption subject to the condition that the aggregate of any tax exemption availed by the units under the notifications issued under the Karnataka Sales Tax Act, 1957 (Karnataka Act 25 of 1957) together with the quantum of tax exemption availed under the notifications issued under sub-section (5) of the Central Sales Tax Act, 1956 shall not exceed the ceiling mentioned in the notifications issued under the Karnataka Sales Tax Act, 1957.
 
Whereas, Karnataka Sales Tax Act, 1957 has been replaced by Karnataka Value Added Tax Act, 2003 (Karnataka Act 32 of 2004) on many of the goods.
 
Now, therefore, in exercise of the power conferred by sub-section (5) of Section 8 of the Central Sales Tax Act, 1956 (Central Act 74 of 1956) read with Section 21 of the General Clauses Act, 1897 (Central Act 10 of 1897) and in partial modification of all the notifications issued on the subject, the Government of Karnataka hereby directs that with effect from 1st April, 2005 the quantum tax exemption granted in all such notifications shall be subject to the condition that the aggregate of any tax exemption availed by the units under such notifications together with the quantum of tax exemption availed under any notification issued under the Karnataka Value Added Tax Act, 2003 shall not exceed the ceiling mentioned in the notifications issued under the Karnataka Sales Tax Act, 1957.
 
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