Change of Tax rates in Punjab Tax on Lotteries Act 20050 comments Tuesday, May 10, 2011GOVERNMENT OF PUNJAB DEPARTMENT OF EXCISE AND TAXATION (EXCISE AND TAXATION II BRANCH) NOTIFICATION The 15th April 2011 Sale to All India Pingalwara charitable society Amritsar under PVAT made tax free0 commentsGOVERNMENT OF PUNJAB DEPARTMENT OF EXCISE AND TAXATION (EXCISE AND TAXATION II BRANCH) Notification The 25th April 2011 Circular clarifying some issues related to Short Term Accomodation and Resturant Service issued1 commentsCircular No. 139/8/2011-TRU F.No.334/81/2011-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Tax Research Unit New Delhi, the 10th May 2011 Procedure for claiming Provisional refund under Punjab VAT Act notified0 commentsSection 39(1-A) of Punjab VAT Act, 2005 was added recently by an Ordinance dated 21-02-2011 whereby provisional refund upto one crores of rupees was allowed against an indemnity bond to those dealers who are not able to produce the statutory declarations forms under CST Act(i.e C,H, E1, EII forms etc.) as per the requirement of Rule 52(4) of PVAT Rules, for claiming the refund. No offence u/s 138 of N.I. Act is committed for dishonour of cheque given as security deposit0 commentsThe Bombay High Court in a very important judgment namely Joseph Vilangadan v. Phenomenal Health Care Services Ltd. & Anr. has given the verdict that if a cheque issued as security deposit gets dishonoured with remarks “insufficient funds” or “stop payment” as happened in the said case then no offence will be deemed to have been committed u/s 138 of Negotiable Instrument Act, 1881.
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