The Punjab Govt has imposed entry tax on some new items and rate of entry tax on certain items has been revised. These revised rates of entry tax and imposition of entry tax on new items will come into force w.e.f 18/08/2010. The new items and revised rate of entry tax is given here below in the public notice issued by the Punjab Government.
Government of Punjab
Excise & Taxation Department, Punjab
Public Notice
ATTENTION: Dealers/Lawyers/Chartered Accountants/Transporters
LEVY OF ENTRY TAX
The Punjab Cabinet at its meeting held on 11-08-2010 at Chandigarh levied entry tax on certain new items and amended certain notifications already issued. These notifications shall come into force w.e.f. 18-08-2010. The details are as below:-
Sr. No. | Name of new items | Rate of tax |
Coal and Coke | 4% | |
Milk to be used for manufacturing of taxable goods | 5% | |
Bitumen | 5% | |
Electric motors | 12.5% | |
Sulphuric acid, Hydrochloric acid, nitric acid, caustic soda, eythyl acetate and acetic anhydride | 5% | |
Girder (Joist) angle, channel and TMT | 4% | |
Steel fabricated material, poles (RCC and steel) | 12.5% |
Amended Notifications
Sr. No. | Name of items | Rate of tax |
Vanaspati and other edible oils (refined or un-refined oil) | 5% | |
Transformers & its accessories and ACSR | 5% | |
Diesel of all kinds and Heavy Petroleum Stocks (HPS) | 8.8% | |
Marble including Granite, Kota stone, Red sand stone, Chips and Crazy | 12.5% | |
Oil cakes, De-oiled cakes (except soya), Rice bran and De-oiled rice bran | 5% | |
All kinds of tiles except Ashphaltic roofing earthen tiles | 12.5% | |
All kinds of cement | 12.5% | |
All types of plywood, board (other than paper board), sunmica, vineer | 12.5% | |
Branded Wheat Flour (Aatta), Maida and Suji | 5% | |
Furnace oil | 4% | |
All types of yarn excluding shoddy yarn, worsted yarn and cotton yarn, partially oriented yarn, fibre excluding raw cotton and ginned cotton, polyester top, polyester chips including waste thereof | 5% |
Government has also approved enhancement of VAT rate from 12.5% to 20% on cigarettes and cigars, which will be applicable w.e.f. 14-08-2010.
For any information you can log on to the Department’s website www.pextax.com or contact on mobile numbers 98729-10007 or 98729-10050.
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