1. Punjab VAT notification levying additional tax(The Punjab Value Added Tax (Amendment) Ordinance, 2010 dated February 4, 2010)
Effective February 5, 2010, dealers are required to charge an additional tax calculated at 10% of the amount of tax payable. The additional tax in respect of liquor shall be effective April 1, 2010.
However, the additional tax shall not be required to be charged on the following:
The amount paid as additional tax shall be eligible for input tax credit.
2. Punjab Entry Tax notifications levying entry tax on certain goods(Notification Nos. S. O./P.A .9/2000/S. 3-A/2010 and S. O./P.A.9/2000/S.3-A/ 2010 dated February 1, 2010)
Effective February 5, 2010, the Government of Punjab has levied Entry Tax on specified goods. The tax shall be payable even if the tax on such goods is payable under the Punjab Value Added Tax law or the Central Sales Tax Act, 1956. The Entry Tax rates for some of the goods are given below:
|Particulars||Rate of Entry Tax|
|Diesel Generating sets||12.5%|
|Vanaspati and refined oils||4%|