Surcharge Additional Tax levied under PVAT Act
The Government of Punjab has levied Surcharge/Additional Tax @10% on all the goods under Punjab VAT Act 2005 other than those seecified as declared goods under section 14 of Central sales Tax Act 1956 with effect from 05-02-2010. However this surcharge or additional tax will be levied on Liquor with effect from 01-04-2010.
A public notice has been issued to this effect by the Government of Punjab, Excise & Taxation Department, Punjab on 04-02-2010 in the newspaper Tribune and Punjab Kesri. Although no notification has still been found at the official website of the Department.
Amit Bajaj Advocate
Email: amitbajajadvocate@hotmail.com
M: 9815243335
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- Validity of Assessment notices U/S 29 of PVAT for the year 2005-06 issued by department recently
- FAQs on applicability of Surcharge and Cess on TDS after budget 2009 and on new TDS rate
- Surcharge leviable under Finance Act was a distinct charge, not dependent for its leviability on assessee’s liability to pay income tax : SC
- The word ‘tax’ does include ‘surcharge’ for the purposes of Clause (2) of Article 14 of the Double Taxation Avoidance Agreement with USA
The ordinance has been promuglated by the Punjab Govt. now regarding levy of Additional Tax/surcharge @ 10% and the same now can be found on the official website of the department.
The copy of the ordinance is available with me. Please contact if you need the copy of the same at “Sanjeev@Kachhal.com”