AMENDMENTS MADE BY THE EXCISE & TAXATION DEPARTMENT

INCREASE IN RATE OF ADVANCE TAX ON IRON AND STEEL W.E.F. 11.03.2015

NOTIFICATION REGARDING INCREASE IN STAGE FROM SECOND TO THIRD STAGE ON IRON AND STEEL

Excise & Taxation department issued the instructions on the issue of exemption from payment of advance tax vide Memo No VAT-1/1042-44 dated 31.12.2014 and the judgement delivered in the case of  Ayappa Infra Projects Pvt. Ltd., Jalandhar

HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH

Civil Writ Petition No.19835 of 2014

Date of Order: 12.12.2014

Ayappa Infra Projects Pvt. Ltd., Jalandhar

Versus

The State of Punjab and others

CORAM: HON’BLE MR. JUSTICE RAJIVE BHALLA

 HON’BLE MR. JUSTICE B.S.WALIA

RAJIVE BHALLA, J (Oral)

The petitioner primarily contends that a person whose TDS is being deducted, cannot be called upon to pay advance tax in lieu of liability with respect to VAT.

Counsel for the State of Punjab submits on instructions that the Government is in the process of clarifying that a person whose TDS is being deducted cannot be called upon to pay advance tax in lieu of liability with respect to VAT.

Reduction of the rate of tax on Cranes and earth moving equipment to 5.50 percent w.e.f. 20.01.2015

E-TRIP ABOLISHED :-

OFFICE OF EXCISE & TAXATION COMMISSIONER PUNJAB PATIALA

ORDER

                        In continuation of my order dated 17^th July, 2013 and order dated       2^nd September, 2014, under Rule 2(hh) for the purposes of Rule 64A of Punjab Value Added Tax Rules 2005, read with section 3 A of the PVAT Act, I hereby exempt the following items from the list of specified goods:

a.            Iron and Steel

b.            Yarn

c.            Sarson

d.            Cotton

e.            Vegetable Oils

f.             Paper Board

Dated:  31^st, January, 2015                                                                        Anurag Verma

Excise & Taxation Commissioner,

Punjab.

Notification regarding rates on diesels, Cigarette and cigars & Cold drinks

GOVERNMENT OF PUNJAB

DEPARTMENT OF EXCISE AND TAXATION

(EXCISE AND TAXATION-I BRANCH)

NOTIFICATION

  1^st October, 2014

No. S.O. 163/ P.A.8/2005/S.8/2014.- 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 make  the following amendment in Schedule “E”, appended  to said Act, with immediate effect by dispensing with the condition of previous notice, namely :-

AMENDMENT

In the said Schedule,-

(i)            for serial number 1 and entries relating thereto, the following serial number and entries relating thereto, shall be substituted, namely:-

"(1) Diesel other than premium diesel                       9.75 per cent";

(ii)          in serial number 15,-

(a)  for item 3, the following item and entries relating thereto, shall be substituted, namely:

" 3 Cold Drinks, aerated drinks and soda      27.5 per cent";

and

(b)  for item 25, the following item and entries relating thereto, shall be substituted, namely:-

"25 Cigarette and Cigar                                    30 per cent".

           

               D.P. REDDY,

                 Financial Commissioner Taxation and

                                                                                            Secretary to Government of Punjab  
                                                                                            Department of Excise and Taxation.