Here is the summary of the latest amendment made under Punjab State Development Tax (Amendment) Rules, 2021 (PSDT)

NOTIFICATION No. G.S.R. 16/P.A.11/2018/S.23/Amd. (1)/2021 dated 26.02.2021

Total 5 Amendments made:

1) Under Rule No.10 of Punjab State Development Tax (Amendment) Rules, 2021 following proviso shall be added:

Provided that the Government may, by notification extend the last date of filing the return Earlier in original rule it was 30th day of April of the following financial year

2) Under Rule No.11 of Punjab State Development Tax (Amendment) Rules, 2021 following proviso shall be added

Provided that the Government may, by notification extend the last date of filing the return

Earlier in original rule it was 30th day of April of the following financial year

3) Under Rule no.12 Department again clear it by amendment that Punjab State Development Tax (Amendment) Rules, 2021 is Monthly Tax

4) Under Rule No.14 new sub rule (3) is added which clear the date of deposit of Tax.

The tax due for the month shall be deposited by the last day of the following month

5) Under Form No.PSDT-1(which is used for Employer Registration) for the word “PAN”, the words and sign “PAN/TAN” shall be substituted Now forms is amended to make registration TAN based also in absence of PAN but online process for that is yet to be started.

*The information contained in this article is for general information purpose only, every efforts has been made to avoid errors or omissions. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of. For Any Detail and official information please refer the official Govt Documents..

Full text of the Notification is as follows:-

Punjab Government Gazatte
EXTRAORDINARY
Published by Authority

CHANDIGARH, TUESDAY, MARCH 2, 2021
(PHALGUNA 11, 1942 SAKA)

LEGISLATIVE SUPPLEMENT

Contents

Part – I  Acts

Nil

Part – II  Ordinances

Nil

Part – III Delegated Legislation

Notification No. G.S.R. 16/P.A.11/2018/S.23/ Amd.(1)/2021, dated the 26th February, 2021, containing amendment in the Punjab State Development Tax Rules, 2018.

Nil

Part – IV Correction Slips, Republications and Replacements

Nil

PART III
GOVERNMENT OF PUNJAB
DEPARTMENT OF EXCISE AND TAXATION
(EXCISE AND TAXATION-II BRANCH)

NOTIFICATION

The 26th February, 2021

No. G.S.R. 16/P.A.11/2018/S.23/Amd.(1)/2021.- In exercise of the powers conferred by section 23 of the Punjab State Development Tax Act, 2018 (Punjab Act No. 11 of 2018), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to make the following rules further to amend the Punjab State Development Tax Rules, 2018, namely:-

RULES

1. (1) These rules may be called the Punjab State Development Tax (Amendment) Rules, 2021.

(2)    They shall come into force on and with effect from the date of their publication in the Official Gazette.

2. In the Punjab State Development Tax Rules, 2018 (hereinafter referred to as the said rules), in rule 10, in sub-rule (1), at the end, for sign “.”, the sign “:” shall be substituted and thereafter the following proviso shall be added, namely :-

“Provided that the Government may, by notification extend the last date of filing the return.”.

3. In the said rules, in rule 11, in sub-rule (1), for the words and sign “payment of tax.”, the words and sign “on or before the thirtieth day of April of the following financial year:” shall be substituted and thereafter, the following proviso shall be inserted, namely :-

“Provided that the Government may, by notification extend the last date of filing the return.”

4. In the said rules, in rule 12, in sub-rules (1) and (2), for the words “every quarter”, the words “every month” shall be substituted.

5. In the said rules, in rule 14, after sub rule (2) , the following sub-rule (3) shall be inserted, namely:-

“(3) The tax due for the month shall be deposited by the last day of the following month.”

6. In the said rules, in Form PSDT-1, for the word “PAN”, the words and sign “PAN/TAN” shall be substituted.

VENU PRASAD,
Additional Chief Secretary Taxation
to Government of Punjab,
Department of Excise and Taxation.

2240/03-2021/Pb. Govt. Press, S.A.S. Nagar

Download Full Text of Punjab State Development Tax (Amendment) Rules, 2021

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