Rates on certain goods changed under Punjab VAT Act 2005

Punjab Government has changed vat rates on certain goods w.e.f 07-01-2011. Relevant Public Notice and notification is produced herebelow for ready reference of readers:


PUBLIC NOTICE

EXCISE AND TAXATION DEPARTMENT
GOVT OF PUNJAB

                 ATTN:- TAXABLE PERSONS,ADVOCATES,CHARTED ACCOUNTANTS/COST ACCOUNTANTS/GENERAL PUBLIC

                                   LEVY OF TAX

The Government of Punjab has amended schedules appended to Punjab VAT Act, 2005. These rates will be applicable  w.e.f. 7.1.2011:-

Sr No.
Name of Items
Rate of Tax

  1.  
Punjabi Jutti
0%

  1.  
Rice Husk, Rice Bran, De-oiled Rice Bran, Phack
0%

  1.  
Nakku and Kinki (When used by distilleries only)
0%

  1.  
Pulses
1%

  1.  
Un-Branded Besan
1%

  1.  
RCC Pipes and SW Pipes.
5%

  1.  
Scrap, Parings waste of metals (except iron & steel), non metals, Glass, Plastic
5%

  1.  
Nakku and Kinki (except when used by the distilleries )
5%

  1.  
Plastic granules, Plastic Powder and Master batches
8%

  1.  
Spectacles, Goggles/ Sunglasses, Parts and components thereof, contact lens and lens cleaners.
8%

  1.  
Uninterrupted power supply (UPS)
8%

  1.  
Inverter
8%

  1.  
Microphone, multimedia speakers, headphones etc.
12.5%

  1.  
Telephone answering machines
12.5%

  1.  
Transmission apparatus other than apparatus for radio or TV broadcasting
Walkie -talkie set, Cordless handset, Car telephone, Transportable telephone, Marine radio communication equipment, Amateur radio equipment, Cellular telephone
12.5%

  1.  
LCD Panels, LED panels and parts:
12.5%

  1.  
Permanent magnets and articles
12.5%

  1.  
Electrical apparels for the telephony or line telegraphy
12.5%

        For more details visit the website www.pextax.com     
       










EXCISE & TAXATION COMMISSIONER,PUNJAB
 

Relevant Notification:
GOVERNMENT OF PUNJAB
DEPARTMENT OF EXCISE AND TAXATION
(EXCISE AND TAXATION II BRANCH)
Notification
The 7th January   2011
No. S.O.     /P.A. 8/2005/S.8/2011- 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 amendments in Schedules ‘A’, ‘B’, ‘C’ and ‘E’, appended to the said Act with immediate effect by dispensing with the condition of previous notice, as the same are required to be made immediately in public interest namely:-
AMENDMENT

 1.        In the said Schedule ‘A’

(a)    for serial No. 12 and the entries relating thereto, the following serial number shall be substituted namely:-
“12.        Punjabi Jutti, Crudely tanned leather and desi jutti made                  thereof.”
(b)           for serial No. 37, the following serial number shall be substituted, namely:-
                                    “37 Non branded atta, maida and suji.”
      
 (c)  after serial No.76 and the entries relating thereto, the                                               following  serial numbers shall be added namely:-
                                   “ 77.   Rice husk, rice bran, de-oiled rice bran and phack.
  78    Nakku and  kinki, when used by distilleries.”
2.          In the said Schedule, ‘B’
         (a)    the serial No.52 and entries relating thereto shall be omitted.
         (b)  in serial No.60. item number 2, 3, 6, 9, 27, 28 & 29 and               entries  relating thereto shall be omitted.
(c)     for serial No.78 the following serial number shall be substituted, namely;-
                            “78   Oil cake and de-oiled cake “
(d)              for serial No.82 and the entries relating thereto, the following                 serial No. shall be substituted, namely;- 
                “82  Pipes and pipe fittings of ductile pipes, poly venyl                         chloride,  Reinforced Cement Concrete (RCC)  pipes and sewerage             waste ( SW ) pipes.”
(e)       serial No.85 and 96 and the entires relating thereto shall be          omitted.
(f)         for serial no.103 the following shall be substituted
“ 103 scrap, parings, and waste of metals (except iron and steel), non metals, glass and plastic.”
(g)       serial No.110 and entries relating thereto shall be omitted ;and
(h)       after serial No.159 and the entries relating thereto, the      following shall be added namely:-
160    Nakku and Kinki , except when used by the distilleries”
3.           In the said Schedule ‘C” , after serial No.4 and the  entries  relating                       thereto the following shall be added namely:-
        “5.    Pulses
            6  Unbranded besan.”
4.      In the said schedule ‘E’, after serial No.4 and the entries                  relating thereto the following serial numbers .shall be added       namely;-
           “5.    Plastic granules, plastic powder                            8 per cent         
                             and master batches

                    6.   Spectacles, goggles or sunglasses, parts                   8 per cent
                and components thereof, contact lenses and               
                lens cleaners.

       7.     Uninterrupted power supply (UPS)                                   8 per cent
       8.     Invertor                                                                       8 per cent.”     
       


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

Posted by AMIT BAJAJ ADVOCATE at 9:57 PM

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