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Indian Penal Code Provisions cannot be invoked for offence under Punjab VAT

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...

December 28, 2022 963 Views 0 comment Print

Step to apply for Registration under Punjab Profession Tax

Goods and Services Tax : User Manual For Registration of Profession Tax Steps to navigate through Single Window Portal to apply for Registration under Prof...

March 10, 2021 7290 Views 0 comment Print

One Time Settlement Scheme under Punjab VAT Act & CST Act

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...

January 25, 2021 14496 Views 4 comments Print

Punjab Development Tax Registration Rules, Punjab Professional Tax Registration Rules And Forms

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...

October 1, 2018 26091 Views 5 comments Print

GST Transition- Input Tax Credit of Excise Duty to VAT Dealers

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...

May 3, 2017 75354 Views 12 comments Print


Latest News


Request to implement OTS in Punjab VAT Assessment cases of small taxpayers

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...

November 19, 2020 1614 Views 0 comment Print

Punjab VAT Annual Return due date extended to 8th December 2017

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...

November 30, 2017 4887 Views 0 comment Print

WCT Rate in Punjab enhanced from 5% to 6%

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...

April 10, 2013 13958 Views 5 comments Print

Punjab VAT- proposing to amend forms VAT-1, VAT-4, VAT-15, VAT-18, VAT-19, VAT-23, VAT-24 and VAT 56 and to introduce forms VAT 61 and VAT 62

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...

May 22, 2012 1823 Views 0 comment Print

Uploading of Information relating to some intra state transactions made compulsory w.e.f. 1-6-2011 in Punjab

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...

May 8, 2011 667 Views 0 comment Print


Latest Judiciary


HC Empowered to Ease Assessee’s Pre-Deposit Amid Financial Hardship

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...

December 13, 2023 828 Views 0 comment Print

Punjab VAT Act doesn’t provide registration of FIR hence IPC provisions not invocable

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 ...

December 5, 2022 1836 Views 0 comment Print

PVAT: HC deletes penalty imposed for carrying Invoice in Mobile instead of Hard Copy

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...

May 5, 2022 660 Views 0 comment Print

Tribunal allows adjustment of pre-deposit u/s 62(5) of PVAT Act 2005

Goods and Services Tax : Sunyana Sales Corporation Vs State of Punjab (Punjab VAT Tribunal) The Hon’ble Punjab VAT Tribunal allows adjustment of pre-...

February 12, 2022 1989 Views 0 comment Print

OVAT Act- No reopening prior to 01.10.2015 if No acceptance of return filed as ‘self-assessment’

Income Tax : Keshab Automobiles Vs State of Odisha (Orissa High Court) A comparison of the language used in the amended Section 43 (1) of the O...

December 12, 2021 1770 Views 0 comment Print


Latest Notifications


Punjab One Time Settlement (Amendment) Scheme for Recovery of Outstanding Dues, 2024

Goods and Services Tax : Government of Punjab introduces amendments to the One Time Settlement Scheme for Recovery of Outstanding Dues 2023, enhancing tran...

March 10, 2024 4695 Views 0 comment Print

Punjab One Time Settlement of Outstanding Dues (Second) Scheme, 2021

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...

December 17, 2021 10581 Views 0 comment Print

Clarification on Rajasthan Amnesty Scheme-2021

Goods and Services Tax : Outstanding demands or disputed amounts which pertain to regular assessment and its escaped  assessment,   if any, and are   ...

March 19, 2021 7629 Views 1 comment Print

Punjab State Development Tax (Amendment) Rules, 2021

Corporate Law : Here is the summary of the latest amendment made under Punjab State Development Tax (Amendment) Rules, 2021 (PSDT) NOTIFICATION No...

February 26, 2021 7668 Views 0 comment Print

Punjab One Time Settlement of Outstanding Dues, 2021

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...

January 18, 2021 17598 Views 0 comment Print


Validity of E-trip in Punjab

August 21, 2012 10602 Views 0 comment Print

Excise and Taxation Department, Punjab has made it mandatory to furnish information regarding intra-state movement of goods (within Punjab) by all persons making sales of Rs. 3 Lakh or above in a single transaction except in the case of Iron and Steel where this threshold shall be Rs. 2 Lakh instead of Rs. 3 Lakh and above.

Taxability of BOT Contracts under Punjab VAT Act, 2005

July 5, 2012 2666 Views 0 comment Print

In today’s Global Economy BOT Contracts are playing vital role in the Development of infrastructure but there is no proper legislation and pronouncements which clarifies the status of taxability on these type of transactions. It is very disappointing to point out that tax authorities in their enthusiasm to generate more revenue are trying their level best to cover these types of transactions in the category of works contract whereas infact in my opinion these transactions are outside the purview of taxability under the works contract.

Constitutional validity of Restricted Input tax credit on inter-state stock transfers?

July 1, 2012 4246 Views 0 comment Print

Most of the States have legislated provision in their respective VAT Acts for allowing a restricted input tax credit on the goods purchased within State if such goods are transferred outside the State otherwise than as sale. Ussualy Input tax credit in such cases is allowed only in excess of 4% or 2%.

Tax Deduction on Payment to Contractor Under PVAT Act, 2005

June 28, 2012 2381 Views 0 comment Print

As per the scheme of the Punjab Value Added Tax Act, 2005 Contractee who entered into Contract for Works Contract with Contractor is under an obligation to deduct 5 % while making the payment to the contractee if execution of which involves transfer of property in goods and liability on account of such contract exceeds Rs. 5 Lacs in a single Contract. These provisions do not apply to individual or HUF who are not registered under the Act.

Entry Tax under Punjab Value Added Tax Act, 2005

June 26, 2012 8933 Views 0 comment Print

Entry tax is leviable on all persons including taxable person registered under the Punjab Value Added Tax Act, 2005 on entry of goods into the state of Punjab for the notified goods of which the list alongwith rates of entry tax is mentioned below in table.

Punjab Value Added Tax- Ready Reckoner

June 21, 2012 50811 Views 13 comments Print

This ready reckoner is prepared with the aim to present the changes in Punjab Value Added Tax Act, 2005 at one place. Ready reckoner is divided in to different parts containing the general information, tax calendar, Procedure of Registration, Input tax Credit, Works Contract, Refund, Appeal, Assessment, Revision, Entry Tax, Interest, Penalties and other vital information like forms, fees, time limits under the Punjab Value Added Tax Act, 2005.

Time Limits under Punjab Value Added Tax Act, 2005

June 20, 2012 4697 Views 0 comment Print

Various time limits under Punjab VAT Act, 2005 for example time for filing returns, applying registration, payment of taxes etc. Particulars Rule/ Section Time Application for registration in Form VAT-1 S21, 22, R3,4,5 Within 30 days when such person liable to pay tax Issue of the Registration Certificate R5(1), S21 Within 30 days of application […]

Fee payable Under Punjab Value Added Tax Act, 2005

June 20, 2012 1107 Views 0 comment Print

Herebelow is the chart showing various fee payable under Punjab VAT Act, 2005 along with the relevant sections and rules of Punjab VAT Act and Punjab VAT Rules, 2005. Particulars Section Rule Fee Amount (Rs.) VAT or TOT Registration 21,22 3 2000 Issue of duplicate Registration Certificate 21,22 6 100 Cancellation of Registration Certificate 24 […]

Interest for delayed payment of tax under Punjab VAT Act, 2005

June 20, 2012 16390 Views 0 comment Print

Herebelow is the chart showing simple interest leviable on the amount of tax in case of delayed payment of tax under Punjab VAT Act, 2005 under section 32 and section 27(7).It should be noted that such simple interest is not a penal interest and is payable without any requirement of show cause notice and has to be paid along with the delayed payment of tax.

Penalties under Punjab VAT Act, 2005

June 19, 2012 18571 Views 0 comment Print

Herebelow  we are sharing a complete chart showing the penalties under Punjab VAT Act, 2005 for the benefit of all readers. Offence Penalty (In addition to tax and interest) Section Failure to Register An Amount equal to Tax due 52, 21 Failure to Pay tax when due A Sum @ 2% per month on tax […]

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