New Industrial Units as well as existing units which are not availing
any facility of Tax-deferment or Tax free purchases or Tax free sales
under any notification announced earlier, shall be allowed to opt for
set off, of Jharkhand Sales Tax paid on the purchases of raw materials
within the State of Jharkhand only against Sales Tax payable either JST
or CST on the sale , excluding stock transfer or consignment sale out
side the state , of finished products made out from such raw materials
subject to a limitation of six months or the same financial year from
the date of purchase of such raw materials.
Clause 13(i)(b) of the Adopted Bihar Finance Act, 1981 provides for two
(2) rates of concessional sales tax on purchases of raw material and
other inputs. These are 2% and 3% against Form IX. Both these rates will
be reduced to 2% in view of the provision for set off as aforesaid.
The State Government would make efforts to charge Sales Tax as far as
possible with respect to the thrust area items at par with the floor
rates recommended by the Central Government.
To provide support to the local industries, purchase at concessional
rates would be admissible to Govt. departments, Boards and Corporations
from the industries located within the state.
Jharkhand Sales Tax Registration Certificate would be required to be
renewed every five years.
Jharkhand sales tax will not be charged on purchase of raw materials and
sale of finished goods from 100% exporting units.
Application filed for Sales Tax registration shall be disposed off
within a period of 15 days of filing such application.
The State Government shall ensure simplified and rationalised Sales Tax
Act and Rules.