Wednesday 3 June 2015

ENTRY TAX @ 11 PERCENT ON SUGAR w.e.f. 01.06.2015


The Punjab Trade Commerce and Development Ordinance, 2015, in exercise of the powers u/s 4(1) of the newly introduced ordinance vide Notification no. S.O.. 21/ P.O.1/ 2015/ S. 4/2015 dated 01.06.2015, has levied the entry tax @ 11% on Sugar w.e.f.01.06.2015. It is pertinent to point out that no credit of entry tax paid on sugar will be admissible under Punjab VAT Act, 2005.