Wednesday, August 18, 2010

ENTRY TAX IN PUNJAB NEW ITEMS WEF 18082010


on Wednesday, August 18, 2010

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


  1.  
Coal and Coke
4%
  1.            
Milk to be used for manufacturing of taxable goods
5%


  1.  
Bitumen
5%


  1.  
Electric motors
12.5%


  1.  
Sulphuric acid, Hydrochloric acid, nitric acid, caustic soda, eythyl acetate and acetic anhydride
5%


  1.  
Girder (Joist) angle, channel and TMT
4%


  1.  
Steel fabricated material, poles (RCC and steel)
12.5%

Amended Notifications
Sr. No.
Name of items
Rate of  tax


  1.  
Vanaspati and other edible oils (refined or un-refined oil)
5%


  1.  
Transformers & its accessories and ACSR
5%


  1.  
Diesel of all kinds and Heavy Petroleum Stocks (HPS)
8.8%


  1.  
Marble including Granite, Kota stone, Red sand stone, Chips and Crazy
12.5%


  1.  
Oil cakes, De-oiled cakes (except soya), Rice bran and De-oiled rice bran
5%


  1.  
All kinds of tiles except Ashphaltic roofing earthen tiles
12.5%


  1.  
All kinds of cement
12.5%


  1.  
All types of plywood, board (other than paper board), sunmica, vineer
12.5%


  1.  
Branded Wheat Flour (Aatta), Maida and Suji
5%


  1.  
Furnace oil
4%


  1.  
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.
Update :Punjab entry  Tax withdrawn by Punjab Govt wef 04.10.2013

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