Amendment status not verified — confirm the current text below against the official source.
It is proposed to bring into effect the proposed amendment with effect from 1st April 1973, the date on which the amendments to the Central Sales Tax Act 1956 will come into force. Amendments consequential to the proposals made in the budget speech are also included. Hence the Bill. (Published in Karnataka Gazette (Extraordinary,\) Part IV-2A dated 19th March 1973, as No. 279 at page. 7.) XXVI Amending Act 14 of 1974.—It is proposed to raise the rate of sales tax for various commodities in II and IV Schedules of the Karnataka Sales Tax Act, 1957 to augment the revenues of the State. Hence this Bill. (Published in Karnataka Gazette (Extraordinary) Part IV-2A dated 21st March 1974, as No. 582 at page 8.) XXVII Amending Act 5 of 1975.—Purchase tax on sugarcane purchased by sugar factories was levied on advalorem basis. The rate was ten percent. For purposes of fixing the levy price of sugar, Government of India would take the purchase tax as an item of cost of processing sugarcane. Since the factories do not pay uniform price for sugarcane purchased, the purchase Sales Tax [1957: KAR. ACT 25 248 tax paid by them varied. But Government of India would take only the average tax into consideration and it used to be Rs. 8.50 per tonne. So much so sugar factories paying more than Rs. 8.50 per tonne purchase tax would also bound by the levy sugar rate fixed. This was disadvantageous to such factories. Hence representations were made to levy purchase tax on tonnage basis so that the incidence felt uniformly on all sugar factories. This basis would ensure protection of Government revenues also. Besides, the factory would be enabled to recover more than at present and pass on the benefit to the grower. The altered basis therefore would ultimately benefit the grower also. Ordinance 9 of 1974 was issued for the purpose. The Bill is to replace the Ordinance. (Published in Karnataka Gazette (Extraordinary) Part IV-2A dated 7th February 1975 as No. 270 at page 4.) XXVIII Amending Act 16 of 1975.—In order to augment the revenues of the State, it is proposed to amend the Karnataka Sales Tax Act, 1957. The Bill provides for: (i) levy of an additional tax from certain categories of dealers; (ii) enhancement of single point tax in respect of certain commodities; (iii) enhancement of multi-point rate; (iv) reduction in the concessional Multi-point rate for certain Commodities; (v) levy of sales tax on silk fabrics other than fabrics woven on handlooms; (vi) inclusion of certain commodities in the II Schedule of the Act (i.e., commodities liable to be taxed at single point rates). Hence this Bill. (Published in Karnataka Gazette (Extraordinary) dated 29th March 1975, as No. 866 at page. 6.) XXIX Amending Act 30 of 1975.—The Central Sales Tax Act, 1956, stipulates the maximum rate of tax leviable under the State law on the sale or purchase of `declared' goods. The Central Sales Tax Act was amended with effect from 1st July 1975 and the maximum rate of tax leviable on `declared' goods was enhanced from 3 percent to 4 percent. In view of the amendment to the Central Sales Tax Act and with a view to raising more revenues, the rate of tax on the following declared goods was raised from 3 to 4 percent with effect from 15th July 1975. (i) Coal (ii) Iron and Steel (iii) Jute 1957: KAR. ACT 25] Sales Tax 249 The additional revenue as a result of the enhancement will be Rs. 35 lakhs in a full year and Rs. 26 lakhs during the current financial year. Ordinance 6 of 1975 was issued for the aforesaid reasons. The Bill is to replace the Ordinance. (Published in Karnataka Gazette (Extraordinary) Part IV-2A dated 24th July 1975 as No. 2029 at page 3.) XXX Amending Act 16 of 1976.—The Karnataka Sales Tax Act, 1957 provides for the levy of purchase tax at the rate of Rs. 9 per tonne on sugarcane purchased by manufacturers of jaggery. A vast majority of the jaggery manufacturers reside in rural areas and find it difficult to maintain accounts. It was, therefore considered desirable to introduce a system of compounded levy. A compounded system of levy will also facilitate tax collection.