As the news has been coming that a lump sum tax scheme under Punjab VAT Act, 2005 for plywood industries will be soon notified, the plywood therefore has been exempted from the list of specified goods for the purpose of e-trip.
E-trip is a mechanism whereby one has to report the intra-state i.e within state transactions of specified goods and specified monetary limits only on the website of the Excise and Taxation Department, Punjab.
Order exempting Plywood is here below:
OFFICE OF EXCISE & TAXATION COMMISSIONER PUNJAB PATIALA
ORDER
In continuation of my order dated 17 July 2013 under Rule 2(hh) for the purposes of Rule 64A of PVAT Act Rules 2005 read with section 3 A of the PVAT Act, I hereby
exempt ply wood from the list of specified goods.
Anurag Verma
Excise & Taxation Commissioner,
Punjab.
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