Dated: 20th December, 2013

Whereas with a view to bring in greater transparency in the discharge of tax liabilities by a taxable person under the Punjab Value Added Tax Act, 2005 (Punjab Act No.8 of 2005), it is considered necessary so to do, now, therefore, in exercise of the powers conferred by section 29-A of the aforesaid Act and all other powers enabling him in this behalf, the Governor of Punjab is pleased to notify the scheme for settlement of unpaid tax, namely:-


1. Short title and commencement.- (1) This scheme may be called the Punjab Voluntary Disclosure of Value Added Tax Scheme, 2013.

(2) It shall come into force with immediate effect.

2. Eligibility to avail benefit under the Scheme. - A person, who is desirous of getting benefit under this scheme, shall either be a taxable person or a registered person under the Act. Such person shall be entitled to avail benefit under this scheme, for settlement of un-paid tax in case of any discrepancy in the discharge of their tax liabilities under the Act.

3. Manner of availing benefit under this scheme. - Such persons shall make an application in the following format, appended to this scheme, on or before the 31st day of January, 2014, namely:-



The Designated Officer,




I,____________________________________________son of

________________________resident of

_____________________________, Proprietor/Partner/Managing Director/Karta/Chairman or any other duly authorised person of M/S _______________________________ Regd. No.__________________
hereby submit that the claim made under clause __________________ of this scheme as under:-

____________________________________________________________ ____________________________________________________________
____________________________________________________________ _______

2. It is submitted that inadvertent mistakes or errors crept in submitting return for the period _____________________________ and as per fresh calculation, it comes to Rs. _______________ alongwith interest amounting to Rs. ____________________ (Total tax amount + interest amount= Rs. ________________).

3. I hereby undertake to pay this re-assessed due tax or the tax duly assessed by the Designated Officer or the Deputy Excise and Taxation Commissioner of the concerned division, as the case may be, under this scheme.

Dated _____________ Name: _____________________
M/S ______________________
TIN No. ____________________

4. Terms and conditions for voluntary disclosure.- A person claiming benefit under this scheme, shall get the benefit subject to the following terms and conditions, -

(i) that he has claimed the input tax credit but such tax has not actually been deposited by him in the State Treasury; 

(ii) that he has claimed the concessional rate of tax under the Act on account of branch transfer or under the Inter-State trade but the goods have actually not been sent by him outside the State or has submitted statutory forms for the aforesaid purpose, but the same were not submitted properly by him before the designated officer;

(iii) That the person has made zero rated sales on account of exports but such exports either did not took place or were over-invoiced;

(iv) that the person has not calculated the tax liability in a correct manner for the aforesaid item and has resultantly paid lesser tax in the State Treasury, in such an event, he shall inform the designated officer as to by which means calculations had been done by him while calculating and depositing the tax. While making such application, such person shall undertake that he would pay a simple interest at the rate of one and a half percent on the balance amount from the date it becomes due till the date of making of application under this scheme;

(v) that the persons to whom a notice under sections 28 or sub-sections (1), (2) or (4) of section 29 of the Act, has been issued before the date of filing an application under this scheme, shall not be eligible for getting any benefit under this scheme;

(vi) that the persons whose business premises have been inspected by the designated officer as per the provisions of section 46 of the Act or a notice for the production of account or a notice for making investigation, has been issued before the date of filing an application shall not be eligible for getting any benefit under this scheme; and

(vii) that the persons, who come forward for getting any benefit under this scheme, shall brings into the notice of the designated officer any inadvertent mistake or error took place in payment of due tax and he shall not be proceeded against for such voluntary disclosure.

5. Procedure for disposal of application under this scheme.- (1) On receipt of any application from a person under this scheme, the designated officer shall examine such application and make an assessment for the tax due against such person. The said officer shall also calculate the interest amount payable under sub-section (3) of section 32 of the Act which shall be calculated from the date when it becomes due till the date of making application under this scheme and pass an order accordingly within a period of thirty days from the receipt of such application. After finalization of the assessment as above, such officer shall serve the tax demand notice upon the person concerned not later than a period of seven days from the date of passing the order.

(2) The designated officer while making assessment on such application shall give reasonable opportunity of being heard to the person concerned before any order is passed on such application.

(3) An appeal against any order passed by a designated officer shall lie before the Deputy Excise and Taxation Commissioner of the concerned division.

(4) The Deputy Excise and Taxation Commissioner of the concerned division shall afford a reasonable opportunity of being heard to the person concerned. The order passed by the Deputy Excise and Taxation Commissioner shall be final and binding on the person concerned.

6. Payment of tax demand assessed under this Scheme.- (1) The person who has made an application under this Scheme shall deposit twenty-five percent of the tax demand as per assessment made by the designated officer alongwith due interest within a period thirty days from the date of service of tax demand notice.

(2) Such person shall deposit the remaining seventy-five percent amount of tax demand so assessed within a period of sixty days from the expiry of a period of thirty days. In case, such person do not deposit the aforesaid amount within the stipulated period, he shall accordingly inform the designated officer, who shall permit him to deposit that amount in three equal quarterly installments by passing a speaking order in this behalf, subject to the conditions that such person shall be liable to pay additional interest at the rate of one percent per month on such balanced amount on reducing balance basis from the date the said amount was payable.

(3) In case, the person fails to pay full amount as assessed by the designated officer or the Deputy Excise and Taxation Commissioner, as the case may be, shall be proceeded against under the relevant provisions of the Act.


Financial Commissioner Taxation and
Secretary to Government of Punjab,
Department of Excise and Taxation.




. 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 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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 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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 e filing of audit report e filing processing status e filing software excel free e filing through evc e filing utilities e mode for notice to shareholder e notice to share holder e payment of epf E PAYMENT OF EXCISE DUTY e payment of income tax E PAYMENT OF SERVICE TAX e payment of tds E STAMP DUTY e tutorial for TAN registration E-1 FORM E-1 SALE e-commerce E-FILE SERVICE TAX RETURN e-Intermediary e-payment from friends account E-PAYMENT OF SERVICE TAX e-payment of taxes E-SEVA BY ICAI e-TDS/TCS statements earn from home earned leave Easy Exit Scheme ebay EBOOK EBOOK ON SERVICE TAX economic survey economic survey 2010 economic survey 2011 economic survey 2012 Edible Oils EDITABLE INCOME TAX FORM education cess EDUCATION LOAN eet EFFECTIVE DATE CST RATE REDUCTION effective date of allowncs efiling errors efiling free efiling income tax return efiling of excise return efiling registration problem Electricity act ELECTRONIC FOREX TRADING Electronic Verification Code (EVC) elegent card on holi ELSS EMANAGEMENT OF TAXES EMI CALCULATOR empanelment as branch auditor EMPLOYEE PROVIDENT FUND employee state insurance employee state insurance act 1948 employee state insurance act Limit employer e sewa eMudhra Consumer Services entries r off in 50 paisa entries rounded off in rs ENTRY TAX entry tax punjab epf epf challan epf claim epf e passbook EPF FAQ epf int rate 11-12 epf interest exemption epf interest rate epf interest rate for fy 2010-11 epf limit epf online EPF ONLINE CHALLAN GENERATION epf statement EPF TRUST epf withdrawals epfo equal monthly installments equity funds ER-1 ER-2 er4 form online error in etds return error in st-3 esi esi contribution esi limit 10000 esi limit 15000 esi limit from 01.05.2010 esi return ESOP ETABF ETAX etcs etds etds correction etds defualts etds due date ETDS FVU 3.1 ETDS PAYMENT ETDS Q4 ANN II etds retur with insufficient pan etds return ETDS RETURN DUE DATES etds return less deduction of tax. 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