Advance VAT Levied on 5 more items W.E.F. 7th March, 2014 Under Punjab Vat Act, 2005

Punjab Government has levied advance tax on five new items in addition to the previous list of thirty items w.e.f. 7th March, 2014. The list of the items added are mentioned below:

31. Plastic Fabric and Bags 5.5%
32. Paper Board 5.5%
33. Brass 5.5%
34. Nickel 5.5%
35. Timber 5.5%

The copy of notification is reproduced below for kind reference:

PUNJAB GOVT. GAZ. (EXTRA), MARCH 11, 2014
(PHGN 20, 1935 SAKA)
403
452/03-2014/Pb. Govt. Press, S.A.S. Nagar
PART III
GOVERNMENT OF PUNJAB
DEPARTMENT OF EXCISE AND TAXATION
(EXCISE AND TAXATION-II BRANCH)
NOTIFICATION

The 7th March, 2014 No.S.O.20/P.A.8/2005/S.6/Amd.(1)/2014.-Whereas the State Government is satisfied that circumstances exist, which render it necessary to take immediate action in public interest; Now, therefore, in exercise of the powers conferred by sub-section (7) of section 6 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to make the following amendment in the Government of Punjab, Department of Excise and Taxation, Notification No. S.O. 90/P.A.8/2005/ S.6/2013 dated the 04th October, 2013, namely:-

AMENDMENT

In the said notification, in the Table, after serial Number 30, and entry relating thereto, the following shall be added, namely:-
31. Plastic Fabric and Bags     5.5%
32. Paper Board                      5.5%
33. Brass                                 5.5%
34. Nickel                                5.5%
35. Timber                               5.5%

D.P. REDDY,
Financial Commissioner Taxation and
Secretary to Government of Punjab,
Department of Excise and Taxation

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(Compiled by- J S BEDI Advocate, Email ID: bediadvocate@yahoo.co.in, Contact Number: 98140-66336)

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