In exercise of the powers conferred by Section 14 of the Karnataka Value Added Tax  Act,2003 (Karnataka Act 32 of 2004),read with section 21 of the Karnataka General Clauses Act,1899 (Karnataka Act III of 1899) and in supercession of the Notification-IV No.FD 507 CSL 2007, dated 24th March, 2008, Published in the Karnataka Gazette, Extraordinary, dated 24th March, 2008,the Government of Karnataka hereby notifies that deduction of input tax shall be allowed on purchase of goods specified in clauses (5) and (6) of sub-section (a) of section 11 to the extent of the input tax charged at a rate higher than three percent or such lower rate as may be notified by the Central Government  under the proviso to sub-section (1) of section 8 of the Central Sales Tax Act,1956 (Central Act 74 of  1956),with effect from the first day of April,2008.