PUNJAB VAT RATES CHANGES 03.09.12 NOTIFICATIONS VAT RETURN PROCESSING CHARGES

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Punjab Govt. has recently increased the VAt rate across the board by half percent. Further Rs 800/- annual vat return processing charges has also been imposed wef from current financial year and payable with Vat return for second quarter each year.Notification for Vat rate charges wef 03.09.2012 in Punjab and other changes wef 05.09.2012 is given below for your ready reference .

Update :Punjab entry  Tax withdrawn by Punjab Govt wef 04.10.2013

1. Schedule " B " Items are covered under 5.5 % rate from 5.0 rate earlier. 10% surcharge is remain as it is .

The 3rd September, 2012 

No. S.0 65/P.A.8/2005/S.8/2012 .-Whereas the State Government is satisfied that the circumstances exist, which render it necessary to take immediate action in public interest; Now, therefore, in exercise of the powers conferred by sub-section (3) of section 8 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to make the following amendment in Schedule—B appended to the said Act, with immediate effect, by dispensing with the condition of previous notice, namely:- 

AMENDMENT 

"in the said Schedule for the heading "LIST OF GOODS TAXABLE @ 5 PERCENT", the following heading shall be substituted, namely;- 


"LIST OF GOODS (EXCEPT DECLARED GOODS) TAXABLE @ 5.5 PERCENT

2. Schedule " C1 " Items are covered under 4.5% rate from 4.00 rate earlier. 

The 3rd September, 2012 

No. S.0 671P.A.8/2005/S.8/2012 .-Whereas the State Government is satisfied that the circumstances exist, which render it necessary to take immediate action in public interest; Now, therefore, in exercise of the powers conferred by sub-section (3) of section 8 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and all other powers enabling him in this behalf, the Governor of  Punjab is pleased to make the following amendment in Schedule—C-1 appended to the said Act, with immediate effect, by dispensing with the condition of previous notice, namely:- 

AMENDMENT 

In the said Schedule, for the heading, the following heading shall be substituted, namely:- 

"LIST OF GOODS (OTHER THAN WHEAT, PADDY AND RICE) @ 4.5 PERCENT.". 


3. Change in schedule E

The 3rd September, 2012 

No. S.0 691P.A.8/2005/S.8/2012 .-Whereas the State Government is satisfied that the circumstances exist, which render it necessary to take immediate action in public interest; 

Now, therefore, in exercise of the powers conferred by sub-section (3) of section 8 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to make the following amendment in Schedule--E appended to the, said Act with the following Schedule, with immediate effect, by dispensing with the condition of previous notice, namely:- 

AMENDMENT 

For the said Schedule the following Schedule shall be substituted, namely:- 

'SCHEDULE - E

(See section 8) 

LIST OF GOODS TAXABLE AT SPECIAL RATES


1. Diesel other than premium diesel 8.75 Percent 

Explanation. - The premium diesel shall mean the branded diesel which is superior to the diesel. 

2.Petrol 28 Percent 

3. Plastic granules, plastic powder and 8.5 Percent master batches

4. Change in schedule F Rates increased from 12.5 % to 13 % .Surcharge 10% remains as it is.

The 3rd September, 2012 

No. S.0 701P.A.8/2005/8.8/2012 .-Whereas the State Government is satisfied that the circumstances exist, which render it necessary to take immediate action in public interest; Now, therefore, in exercise of the powers conferred by sub-section (3) of section 8 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to make the following amendment in Schedule—F appended to the said Act, with immediate effect, by dispensing with the condition of previous notice, namely:- 

AMENDMENT 

In the said Schedule, in the heading, for the figures, sign and words 

"12.5 PERCENT", the figures and words "13 PERCENT' shall be substituted. 

5. withdrawal of vat on Sugar including khandseri 

The 3rd September, 2012 

No. 5.0 641P.A.812005/S.8/2012 .-Whereas the State Government is satisfied that the circumstances exist, which render it necessary to take immediate action in public interest Now, therefore, in exercise of the powers conferred by sub-section (3) of section 8 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to make the following amendment in Schedule—A appended to the said Act, with immediate effect by dispensing 
with the condition of previous notice, namely:- 

AMENDMENT 

In the said Schedule—A, after serial No. 79, the following serial No. and entry relating thereto shall be added, namely:- 

"80. Sugar including Khandsari.".


6. Amendment in schedule B Item no 169 deleted 
The 3rd September, 2012 

No. S.0 66/P.A.8/2005/S.8/2012 .-Whereas the State Government is satisfied that the circumstances exist, which render it necessary to take immediate action in public interest. 

Now, therefore, in exercise of the powers conferred by sub —section (3) of section 8 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and all other powers enabling him in this behalf, the Governor of  Punjab is pleased to make the following amendment in Schedule—B appended to the said Act, with immediate effect by dispensing with the condition of previous notice, namely:- 

AMENDMENT 

In the said Schedule, serial No. 169 and entry relating thereto shall be omitted.

7. Annual processing fee applicable on vat return 800/- per year.

The 5th September, 2012 

No. G.S.R.451P.A.8/2005/S.70/Amd.(44)/2012.- In exercise of the powers conferred by sub-section (1) of section 70 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to make the following rules further to amend the Punjab Value Added Tax Rules, 2005, namely:- 

RULES 

1. (1) These rules may be called the Punjab Value Added Tax (Third Amendment) Rules, 2012. 

(2) They shall come into force on and with effect from the date of their publication in the Official Gazette. 

2. In the Punjab Value Added Tax Rules, 2005, after rule 40, the following rule shall be inserted namely:- 

"40-A. Annual processing fee.- Every taxable person shall pay annual processing fee of rupees eight hundred in the month of October every year and proof of the payment thereof shall be attached alongwith the quarterly return.".

8. Sales made to  canteen store department (CSD) is exempted from VAT Item no 43 added in schedule A 

The 5th September, 2012 

No. S.O.711P.A.8/2005/S.8/2012. -Whereas the State Government is satisfied that the circumstances exist, which render it necessary to take immediate action in public interest; Now, therefore, in exercise of the powers conferred by sub-section (3) of section 8 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to make the following amendment in Schedule—A appended to the said Act, with immediate effect, by dispensing with the condition of previous notice, namely:- 

AMENDMENT 

1 In the said Schedule, for serial No. 43 and entry relating thereto, the following shall be substituted, namely:- 

"43. Sales made to Canteen Stores Department subject to furnishing, of a certificate duly signed and stamped by the officer authorized to make purchase certifying that the goods purchased are meant for sale to serving military personal and ex-serviceman directly or through unit run Canteens.".

9. Sales made by  canteen store department (CSD) is covered under VAT 5.5 % Item no 100A added in schedule B
The 5th September, 2012 

No. S.0.731P.A.8/2005/S.8/2012. -Whereas the State Government is satisfied that the circumstances exist, which render it necessary to take immediate action in public interest; Now, therefore, in exercise of the powers conferred by sub-section (3) of section 8 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to make the following amendment in Schedule -B appended to the said Act, with immediate effect, by dispensing with the condition of previous notice, namely:- 

AMENDMENT 

In the said Schedule, for serial No. 100-A and entry relating thereto, the following shall be substituted, namely:- 

"100-A. Sales made by Canteen Stores Department to serving military personal and ex-servicemen directly or through unit run Canteens.". 

10.Shoes up to Rs 250/- is covered in schedule B Now ,SR no 84 and 139 deleted from schedule B

The 5th September, 2012 

NO. S.0.721P.A.8/2005/S.8/2012.- Whereas the State Government is satisfied that circumstances exist, which render it necessary to take immediate action in public interest; Now, therefore, in exercise of the powers conferred by sub-section (3) of section 8 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to n- ake the following amendment in Schedule —B appended to the said Act, with immediate effect by dispensing with the condition of previous notice, namely:- 

AMENDMENT 

"In the said Schedule—B, 

(i) for serial number 72 and entry relating thereto , the following shall be substituted, namely:- 

"72, Shoes including moulded plastic footwear, hawai chappals and straps thereof, Plastic footwear or Hand crafted footwear the price whereof does not exceed rupees 250/-." ; 

(ii) Serial No. 84 and the entries relating thereto shall be omitted; and 

(iii) Serial No. 139 and the entries relating thereto shall be omitted.


11. Tax rate changes in case of Brick Klin

The 5th September, 2012 

No. S.0.741P.A.8/2005/S.8-A/2012.-Whereas the Governor of Punjab is satisfied that it is expedient so to do in the public interest; Now, therefore, in exercise of the powers conferred by section 8-A of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and other powers enabling him in this behalf, the Governor of Punjab is pleased to make the following amendment in the Government of Punjab, Department of  Excise and Taxation, Notification No. S.O. 28/P.A.8/ 2005/S.812008, dated the 16th April, 2008, namely:- 

AMENDMENT 

In the said notification, for the Table, the following shall be substituted 

namely:-
"TABLE
Sr. Capacity of kiln
No.
Category
Lump sum tax
payable in lieu of tax
1.
Brick-kiln of capacity of more
than 33 number of Ghori
+A
Rs. 4,48,000/- plus Rs.
15,600/- per additional
Ghori above 33 Ghori
2.
Brick-kiln of capacity of 28 to
33 number of Ghori
A
Rs. 4,48,000/-
3.
Brick-kiln of capacity of 22 to
27 number of Ghori
B
Rs. 3,50,0001-
4.
Brick-kiln of capacity of below
22 number of Ghori
C
Rs. 2,80,000/-
5.
Brick-kiln not fired during the year
ending 31th March in which stock
in and outside the kiln as on
1st April last does not exceed five
lakhs bricks of all categories.
D
Rs. 70,000/-

Note:- If a kiln is designed to be fired at two places, the rate of lump sum tax payable by the owner of such kiln shall be double of the aforesaid rates." 

12 : Rate defined under Punjab Tax Luxuries ACt,2009 has been doubled to 8 % from earlier 4 %

The 5th September, 2012 

No. S.0.75/P.A.4/2009/S.4/2012.-In exercise of the powers conferred by section 4 of the Punjab Tax on Luxuries Act, 2009 (Punjab Act No. 4 of 2009), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to make the following amendment in the Government of Punjab, Department of Excise and Taxation, Notification No. S.0.85/P.0.4/ 2008/S.4/2008 dated the 28th November, 2008, namely :- 

AMENDMENT 

In the said notification, for the words "four per cent", the words "eight percent" shall be substituted

Update :Punjab entry  Tax withdrawn by Punjab Govt wef 04.10.2013

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SECURITIES (MNP) (TDS)2007-08 ` 01.07.12 01.09.2008 01.10.2012 06.07.2009 07.08.2012 1 PERCENT EXCISE ITEMS LIST 1 sep 1% excise 10 year nsc 10(10C) 1000 court cases judgements supplied to ITO 1000 rupee note 11-2008 11-2010 130 items 14.08.2008 15 august 150 Rs coin 15g 15h 18-12-2009 192(1A) 192A 194 I 194A 194c from 01.10.2009 194H 194j 194LC 1981-2007 2% cst 2% excise 2004 2008 2008-09 FY 2010 206AA 234A 234B 234C 234c interest calculator 234E 23AC 23ACA 23B 24C 24q annexure II 25 paisa coin 271(1)(c) 271B 271H 272B 27A 280 280 challan 281 282 283 29 AUGUST 29.04.2010. 29/08/2008 29/2008 service tax 2g meaning use 3 idiots 30 MARCH 31st March 32-2010 33 of 2009 35(2AA) 35(2AB) 3CD 3g meaning use 40(b) 43B 44 AB EXEMPTED INCOME 44AA 44AB AGRICULTURE 44AB new limit 44AB NON RESIDENT 44ad 46/2012 45/2012 49C 5 day week 5 years post office deposit 5/2011 50 paisa coin 54b 54EC 54ee 54f 54gb 5th paycommission punjab 6 % excise 6 crore advance limit 6/2005 69/2010 6th cpc 6TH PAY COMMISSION 70% of pan etds 7th Central Pay Commission 8 tips to save tax 80C 80ccc 80CCD 80cce 80CCF 80CCG 80d 80DDB 80EE 80G 80GG 80GGA 80GGB 80ggc 80tta 80U 85% of pan etds 86/2008 DATED 13-08-2008 87A rebate 89(1) 89(1) relief calculator 9.5 % rate for private epf 92E 95% of pan etds 98 dated 04/01/08 aadhaar aakash tablet aam admi aar Aayakar Sampark Kendra abatement abolished ACCOUNT PAYEE DRAFT Accounting ACCOUNTING CODE accounting code for services ACCOUNTING FOR GOVT GRANTS accounting standards ACES ADD IN Add-Ins additional relief in budget 2010 adjustment of advance FBT with advance Tax advance rullings advance salary ADVANCE TAX CALCULATOR advance tax challan ADVANCE TAX CUT OFF AMOUNT ADVANCE TAX DATES AFFIDAVIT AG Projects Technologies Ltd RT age 80 addition pension aibea wage revision aibea wage revision latest news aiboa aiboc aiboc wage revision AIG AIR airline ticket booking tds airlines all is well allowances allownces alphabet of inspiration alteration on check allowed alternate minimum tax AMENDED 3CD amendment in companies bill 2011 amendment in gratuity act 2010 amendment in registration service tax AMENDMENT IN SERVICE TAX ON RENT amendment to finance Bill 2010 AMNESTY SCHEME 2007 amt Anna Hazare anna hazzare bill vs govt lokpal bill appeal apply for new pan card against old pan card aqb arbitration arrears of salary arrears of sixth pay ARRERS TAX AS-12 ASBA assessee in default ASSESSMENT REOPENING ASSESSMENT YEAR 2008-09 REFUND atm atm 100 per day atm cash without card atm tips atm wrong debit audit cases itr filing audit limit enhanced Audit Questionaire AUDIT REPORT AUS VS IND.INDIA VS SL Automated teller machine AUTOMATION OF CENTRAL EXCISE AND SERVICE TAX ay 2010-11 bad debts Bank Bank account bank audit bank audit 2012 bank charges BANK SALARY bank strike 06/07/09 and 07/07/09 banking law amendment banknotes banks npa provisioning BARE ACT bare rules BASE RATE BY BANKS bcct BIMAL JAIN biometric pan card black and white form not 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capital asset capital formation huf Capital gain capital gain account scheme 1988 CAPITAL GAIN INDEX capital gain on repayment of loan capital gain on tenancy rights capital goods capital revenue CAPITAL SUBSIDY CAR LOAN RATE INCREASE carry forward of losses in late return cas cash flow statement CASH PAYMENT DIS ALLOWANCE CASH PAYMENTS EXCEEDING 20000 CASH SUBSIDY cbdt cbec CBI ARRESTED centeral sales tax rate CENTRAL PAY COMMISSION CENTRAL PROCESSING CENTER CENTRALISED PROCESSING OF RETURNS Cenvat CENVAT Credit Rules cgas 1988 challan challan 281 CHALLAN 289 challan correction challan Form 17 CHALLAN STATUS INQUIRY change change in cst rate change in excise duty rates CHANGE IN PAN ADDRESS CHANGE IN PAN DATA change in tds rates in budget changes CHANGES IN SERVICE TAX ACT changes in new itr forms CHANGES IN TDS CHARGES ON CASH PAYMENT OF CREDIT CARD BILL charitable organisation check name from PAN check tds deducted online Cheque cheque bounce cheque payment before due date cheque tender date /realisation date Cheque Truncation CHEQUE VALIDITY child care leave CHILD DEPENDENT PREMIUM CHILD MARRIED PREMIUM child plan childeren name children education allownces chip based atm card cibil cibil for companies CII 2007-08 CII 2008-09 CII 2010 cii 2012-13 CII2011-12 cin CIRCULAR 3/2010 DT 2.03.2010 CIRCULAR 8-2010 CIT v. Emilio Ruiz Berdejo (2010) 320 ITR 190 (Bom.) cloning of atm card clubbing of income COLLECTION CHARGES COLOR SCHEME COMMISSION ON SMALL SAVINGS common error in 2009-10 common error in itr 4-5-6 compa companies bill 2012 COMPANIES RATE COMPANY BILL 2011 company deposit Company Law Settlement Scheme COMPANY REGISTRATION complusory payment of taxes Composition scheme service tax COMPUTER AS FAX MACHINE computer sytem at ito office CONCEPT PAPER configure yahoo mail in outlook express consolidate account statement construction purchase of house Consultancy Service Consumer Price Index continues services CONTRIBUTION TO NEW PENSION SCHEME CONTRIBUTORY PENSION FUND CONVERT FIGURES INTO WORD EXCEL COPARCENER CorpMcash corporation bank correction etds CORRECTION IN PAN DATA correction in section CORRECTION RETURN CORRECTION RETURN.ETDS cost accounting cost audit cost inflation index cost inflation index 2012-13 COST INFLATION INDEX FY 2010-11 COST INFLATION INDEX FY 2011-12 COST OF INDEXATION CALCULATOR court case in entry tax punjab cpc phone number cpf Credit card CREDIT CARD BILL PAYMENT ICICI BANK credit scores cricket team critical illness CROSSED DEMAND DRAFT CRR crr reducred CS DIVESH GOYAL CST CST 3% OR 2 % cst act 1956 cst form CST FORM STATUS cst rate changed CST REDUCE RATE ctt currency CURRENCY TRADING ILLEGAL custom custom changes in budget cusual leave DA MERGE da rate da rate 01.07.2012 da rate january 2013 da rate july 2012 da rate wef 01.01.2012 date extension DDO ASK RENT RECIPT ddt dearness allowance Debit card DEBT EQUITY RATIO debt funds debt trap declared goods DEDUCTION 80C deduction for higher studies deduction on saving bank interst deduction u/s 80DD Deemed income of employee deemed services defective return defence officers defence pay defence pay scales DELAY IN FILING delete ledger in tally DELHI HIGH COURT demat deposit tax of two quarter in single challan depreciation depreciation on car depreciation on commercial vehicle. DEPRECIATION ON INTANGIBLE ASSETS depreciation rate depreciation rate 2009-10 DETAIL AFTER E FILLING DETAIL OF TIN Determination of value DIFFRENT TYPE OF TAXES digital signature din direct payment in bank account DIRECT SUBSIDY direct tax bill direct tax changes in budget direct tax code direct tax code 2009 Disability insurance discussion Paper distribution of salary dividend distribution tax dividend striping dnd do not call. document identification number document ientification number documents required for service tax registration domestic transfer pricing donation dot double taxation dow jones download download 89(1) relief calculator download direct tax code 2012 download form 16A download fvu download idfc INFRA BONDS FORM draft reply drawback rates dtaa dtc DUE DATE AY 2010-11 due date ay 2011-12 due date extended due date extended to 31.08.2012. due date for service tax return due date form 16 due date form 16a due date June due date march tax due date of return 2008-09 due date pf esi due date to deposit tds DUE DATES DUE DATES CALENDAR DUE DATES CALENDER DUE DATES INCOME TAX DUE DATES SERVICE TAX DUE FAMILY PENSION DULICATE PAN DUPLICATE TAN dvat e book Income Tax rules e book on service tax E ERA OF TAXES e filing do and don'ts