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← Karnataka Acts

The Karnataka Value Added Tax Act, 2003

90 sections · 8 chapters

- Section 1 Short title, extent and commencement
- Section 2 Government may, by notification, appoint and different dates may be appointed for different class or classes of goods.

The Karnataka Value Added Tax Act, 2003

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General2003Karnataka Act

The Karnataka Value Added Tax Act, 2003

The Karnataka Value Added Tax Act, 2003, establishes the legal framework for the levy and collection of Value Added Tax (VAT) on the sale of goods within the State of Karnataka. It mandates that dealers register, maintain accurate accounts, and file periodic returns to calculate their tax liability. The Act introduces the concept of "net tax," allowing businesses to deduct input tax paid on purchases from the output tax collected on sales, thereby preventing the cascading effect of taxes. It empowers authorities to inspect business premises, establish checkposts, and penalize tax evasion, ensuring compliance while providing a structured mechanism for appeals and dispute resolution.

8

Chapters

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Parts

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Schedules

90

Sections

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Legislative Amendment Timeline

Chronological legislative evolution of The Karnataka Value Added Tax Act, 2003 across statutory gazettes and amending Acts.

Enacted2003

Amendments0

Enactment2003
Act Enacted

Principal Statute in Force: No subsequent statutory amendments have been recorded for this edition.

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Chapter I— Chapter I

Section 1Short title, extent and commencement
Section 2Government may, by notification, appoint and different dates may be appointed for different class or classes of goods.

Chapter II— Chapter II

Section 3Amendment of section 11
Section 4Liability to tax and rates thereof
Section 5Amendment of section 23
Section 6Amendment of section 27
Section 7Amendment of section 31
Section 8Amendment of section
Section 9Collection of tax by registered dealers, Governments and statutory authorities
Section 10Output tax, input tax and net tax
Section 11Amendment of First Schedule
Section 12Deduction of input tax in respect of Capital goods
Section 13Pre-registration purchases
Section 14Special rebating scheme
Section 15Third Schedule on purchases specified in sub-section (5) and sub-section (6) of Section 11.
Section 16Special accounting scheme
Section 17Partial rebate
Section 18Transitional provisions
Section 19Change in use after deduction of input tax
Section 20Deduction of input tax on exports and interstate sales, etc
Section 21Reimbursement of tax

Chapter III— Chapter III

Section 22Liability to register
Section 23Voluntary registration
Section 24Suo motu registration
Section 25Registration
Section 26Security
Section 27Cancellation of registration
Section 28Obligation of registered dealer to inform changes after registration

Chapter IV— Chapter IV

Section 29Tax invoices and bills of sale
Section 30Credit and Debit Notes
Section 31Accounts
Section 32Period of retention of accounts
Section 33Electronic records
Section 34Requirement to provide documents and information

Chapter V— Chapter V

Section 35Returns
Section 36Interest in case of failure to furnish returns or to pay tax declared on returns or other amounts payable
Section 37Rate of interest
Section 38Assessment of tax
Section 39Re-assessment of tax
Section 40Period of limitation for assessment
Section 41Power of rectification of assessment or re-assessment in certain cases
Section 42Payment and recovery of tax, penalties, interest and other amounts
Section 43Duties of Receivers
Section 44Special provisions relating to companies
Section 45Recovery of tax, penalty, or any other amount, from certain other persons
Section 46Tax payable on transfer of business, assessment of legal representatives, etc
Section 47Payment and disbursement of amounts wrongly collected by dealer as tax
Section 48Tax to be first charge on property
Section 49Period of limitation for recovery of tax
Section 50Payment of interest on refunds
Section 51Power to withhold refund in certain cases
Section 52Production and inspection of documents and powers of entry, search and seizure
Section 53Establishment of check posts and inspection of goods in movement
Section 54Transit of goods by road through the State and issue of transit pass
Section 55Penalty in case of under-valuation of goods
Section 56Liability to furnish information by certain agents
Section 57Special evidential requirements relating to banks

Chapter VI— Chapter VI

Section 58Appointment of Commissioner, Additional Commissioners, Joint Commissioners, Deputy Commissioners, Assistant Commissioners, State Representatives and Commercial Tax Officers
Section 59Instructions to Subordinate Authorities
Section 60Clarification and Advance Rulings
Section 61Jurisdiction of officers and change of incumbent of an office

Chapter VII— Chapter VII

Section 62Appeals
Section 63Appeal to the Appellate Tribunal
Section 64Revisional powers of Additional Commissioner and Commissioner
Section 65Revision by High Court in certain cases
Section 66Appeal to High Court
Section 67Objections to Jurisdiction
Section 68Petitions, applications and appeals to High Court to be heard by a Bench of not less than two judges
Section 69Rectification of mistakes
Section 70Burden of proof

Chapter VIII— Chapter VIII

Section 71Penalties relating to registration
Section 72Penalties relating to returns
Section 73Penalties in relation to unauthorised collection of tax
Section 74Penalties relating to the keeping of records
Section 75Penalties relating to production of records and furnishing of information
Section 76Penalties relating to tax invoices, credit notes and debit notes
Section 77Penalties relating to seals and to unaccounted stocks
Section 78Offences against officers
Section 79Fraudulent evasion of tax
Section 80Cognizance of offences
Section 81Disclosure of information
Section 82Compounding offences
Section 83Validity of assessments not to be questioned in prosecution
Section 84Bar and limitation to certain proceedings
Section 85Courts not to set aside or modify assessments except as provided under this Act
Section 86Appearance before any Authority in proceedings
Section 87Power to summon persons to give evidence
Section 88Power to make rules
Section 89Laying of Rules and notifications before the State Legislature
Section 90Power to remove difficulties