Goods and Services Tax : Tax evasion attempt is punishable under Indian Penal Code. Learn how Deepak Kumar v. State of Punjab proved that Indian Penal Code...
Goods and Services Tax : User Manual For Registration of Profession Tax Steps to navigate through Single Window Portal to apply for Registration under Prof...
Goods and Services Tax : With the advent of GST and dawn of old indirect tax regime in the form of VAT, service tax and central excise etc, the State and...
Goods and Services Tax : Punjab State Development Tax Rules, 2018 Background: On 16th April 2018 Governor of Punjab gave assent to new act called THE PUNJA...
Goods and Services Tax : The First step towards the transaction of GST will be the carry forwarding of the Inputs held in stock on the appointed day and it...
Goods and Services Tax : Request to implement One Time Settlement (OTS) in VAT Assessment cases of small taxpayers from Punjab i.e. below annual turnover O...
Goods and Services Tax : Extension of Due date of filing of Punjab VAT Annual return VAT-20 for year 2016-17 from 30th November 2017 to 08th December 2017...
Goods and Services Tax : Advocate Amit Bajaj Section 27 of the Punjab VAT Act, 2005 has been amended to enhance the rate of Works Contract Tax i.e tax t...
Goods and Services Tax : Punjab VAT has notified all Tax Payers, VAT consultants, CA’s and all other stake holders that Department of Excise and Taxation...
Goods and Services Tax : At present, the information regarding goods being brought into and moving out of the state of Punjab (Inter-state transactions) is...
Goods and Services Tax : Supreme Court upholds P&H HC ruling: Rule 21(8) of Punjab VAT Rules cannot apply retrospectively. ITC rights are protected before ...
Goods and Services Tax : Explore the Shiva TexFabs Ltd. vs. State of Punjab case. Learn how Punjab & Haryana High Court reduced pre-deposit under VAT Act d...
Goods and Services Tax : Punjab and Haryana High Court held that if a special provision has been made qua a particular subject (here Value Added Tax), the ...
Goods and Services Tax : Rakesh Jewellers Vs State of Punjab (VAT Appellate Tribunal, Punjab) Brief facts relevant for the decision of the present appeal a...
Goods and Services Tax : Sunyana Sales Corporation Vs State of Punjab (Punjab VAT Tribunal) The Hon’ble Punjab VAT Tribunal allows adjustment of pre-...
Goods and Services Tax : Government of Punjab introduces amendments to the One Time Settlement Scheme for Recovery of Outstanding Dues 2023, enhancing tran...
Corporate Law : (1) This scheme may be called the Punjab One Time Settlement of Outstanding Dues (Second) Scheme, 2021. (2) It extends to the w...
Goods and Services Tax : Outstanding demands or disputed amounts which pertain to regular assessment and its escaped assessment, if any, and are ...
Corporate Law : Here is the summary of the latest amendment made under Punjab State Development Tax (Amendment) Rules, 2021 (PSDT) NOTIFICATION No...
Goods and Services Tax : (1) This scheme may be called the Punjab One Time Settlement of Outstanding Dues, 2021. (2) It extends to the whole of the Stat...
The penalty in this case has been levied and further upheld by the lower appellate authority on the ground that providing ATM machine to bank after bringing them from outside the State of Punjab, is a transfer of right to use goods and is covered by the definition of sale as per Section 2 (zf) (iv) of the Punjab Value Added Tax Act, 2005
Governments may charge certain fee such as user fee, toll tax or other types of assessments in exchange of particular goods, services, or use of property. These are generally not considered taxes, as long as they are levied as payment for a direct benefit to the individual paying.
Punjab Government has withdrawn the Entry tax under the Punjab Tax on Entry of Goods into Local areas Act, 2000, which was under judicial scrutiny and was cause of continous litigation between the Government and the VAT dealers across the State.
Punjab Government has notified goods u/s 6(7) of the Punjab VAT Act, 2005 on which Advance VAT will be recovered. Section 6(8) of the Punjab VAT Act, 2005 earlier considered Entry Tax as deemed advance VAT.
Just like the dealers used to do in the case of Entry Tax, they will be able to deposit the Advance Tax at the ICCs. For this an entry will be made in the computer system at the ICC. In addition to above, the dealers will be able to deposit the Advance Tax in the office of AETC as well as through internet banking.
Punjab Excise & Taxation Department has revised the amount of processing fee leviable under rule 40-A of the Punjab VAT Rules, 2005. The detail of the same is as under :- “Rule 40-A. Annual processing fee.- Every taxable person, shall pay annual processing fee, as specified in the Table given below, in the month of […]
Punjab VAT Tribunal in Olam Agro India Limited vs State of Punjab (2013) 21 STM 128 has held that extension of time limit u/s 29 of Punjab VAT Act, 2005 from 3 years to 6 years, for making assessment of a person, by giving a public notice on the website of the department, is not […]
Punjab Government has revised the amount of processing fee leviable under rule 40-A of the Punjab VAT Rules, 2005. Rule 40-A earlier envisages payment of annual processing fee of Rs. 800/- by every taxable person under the Punjab VAT Act, 2005. Now the different amount of processing fee have been defined for different persons based […]
The Commissioner Excise and Taxation Punjab has issued a clarification that Goods and Materials obtained from cutting of old ships and boats as well as the heavy melting scrap are covered under the entry iron and steel for the purposes of E-trip.
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.
