Punjab VAT- proposing to amend forms VAT-1, VAT-4, VAT-15, VAT-18, VAT-19, VAT-23, VAT-24 and VAT 56 and to introduce forms VAT 61 and VAT 62

Punjab VAT has notified all Tax Payers, VAT consultants, CA’s and all other stake holders that Department of Excise and Taxation, Punjab is proposing to amend forms VAT-1, VAT-4, VAT-15, VAT-18, VAT-19, VAT-23, VAT-24 and VAT 56 and to introduce forms VAT 61 and VAT 62 in Punjab Value Added Tax Rules, 2005, to make it compatible with the upcoming IT System and responsive to the needs of the taxpayers. These forms have been designed to be user friendly and seek to capture all relevant information in the first instance, rather than calling the dealer to office repeatedly. This will help the honest tax payers to concentrate on their business without any interference in their day to day working. This will to a large extent, pre-empt the need for direct interface between the taxpayers and the officials.

Accordingy, suggestions/comments/observations are invited from all stakeholders on these forms on e-Mail ID additionalexcise@yahoo.com by 28th May, 2012. Suggestions can also be sent by courier or post to Addl. Excise & Taxation Commissioner-1, Office of Excise and Taxation Commissioner, Punjab, Bhupindra Road, Patiala.