Amendment status not verified — confirm the current text below against the official source.
incidence of entry tax - (1) Subject to the provisions of sub-section (2) and save as provided in sub-section (3), there shall be levied and paid to the State Government by an assessee: an entry tax on value of scheduled goods making an entry exceeding rupees ten thousand for consumption or use of such goods. at the rate(s) as specified in the scheduJe. Provided that the State Government may specify different rate or rates of tax in respect to different categories of the consumption or use of such goods. Provided further that the rate of entry tax shall not exceed twenty percentum of the value ofscheduJed goods consum1:d or used therein. (2) No entry tax shall be payable by an importer oftbe scheduled goods; improvement or repair of any building, road, bridge or commissioning of any other, plant and machineries or immovable or movable property; {ad) "Year" means a financial year. Words and expressions used but not defined in this Act shall have the same meaning as assigned to them in the Jharkhand Value Added Tax Act 2005 and the Rules made thereunder. 29 (5) Notwithstanding anything contained in sub-section(4), an assessee I person required to import any scheduled goods shall obtain the prescribed Form, as prescribed in sub-rule (1) of Rule 42 of the Jharkhand Value Added Tax Rules 2006, and pay the entry tax at the specified rate at the time of obtaining such prescribed Form. (a)construction, development and maintenance of roads and bridges for linking the market and industrial areas co their hinterlands, (b)providing finance, aids, grants and subsidies to financial, industrial and commercial units, (c)creating infrastructure for supply of electrical energy and water ,supply to industries, marketing and other commercial complexes (d)creation, development and maintenance of other infra-structure for the furtherance of trade, commerce and industry in general." (4) The State Government shall, by a notification issued in this behalf, specify the manner of deposit of tax under appropriate Heads of Accounts or in such bank account as notified in this behalf. (5) The State Government by a notification shall form a 'high level committee, which shall determine the manner of disbursement of the fund for the purposes as carried out in this section.