Assessment and Re-assessment

The provisions of the Jharkhand Value Added Tax Act, 2005 (Jharkhand Act 05, 2006) as amended from time to time, regarding the assessment and re-assessment by the prescribed authority, shall apply to the dealers under this Act, as if the sections 10 and 72 of the said Act were part of this Act. Every dealer liable to be registered under the provisions of the Jharkhand Value Added Tax Act, 2005 (Jharkhand Act 05, 2006) and having annual turnover exceeding Rs. 10 Lakhs shall also be liable to be registered under this Act. Subject to other provisions of this Act and Rules framed thereunder the provisions of the Jharkhand Value Added Tax Act, 2005 (Act 05 of 2006) and Rules made thereunder, so far the transportation of the schedule goods is concerned, the section 70 and 72 of the said Act and rules made thereunder, shall mutatis mutandis apply accordingly.