Punjab VAT-Circular and Public notice on works contracts

0 comments Wednesday, November 21, 2012

Punjab circular – Works contract – TDS Deposit guideline

Circular no.01/VAT-1/2012/TD/                              Dated 9-11-2012

1.         The tentative draft paragraph titled "Taxation on works contracts under PVAT" intended for inclusion in Comptroller & Auditor General of India Audit report (Revenue Receipts) of Punjab government for year 2011-12 has highlighted the deficiencies in compliance to provisions of Punjab VAT Act, 2005 by various Departments of State government.
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