The proposed changes in the Budget of Punjab of year 2013-14, regarding rates of taxes under Punjab VAT Act, 2005 on certain goods have been notified. The changes made in the rates of tax on such goods under Punjab VAT Act, 2005 will be as follows:
Goods made tax free after the changes:
-School bags, Pencils, erasers, sharpners, Geomtery Boxes, Colour boxes and Crayons, school water bottles, feeding Bottles and nipples.
-Hearing aids, intra ocular lense, sticks and other walking support items.
-Madhani, lemon squeezer, Roller and rolling Pins(Chakla velan), Mat(Chattai), Broom(Jharu), Pawa, Chotta Toka, Doona and Pattal, comb, Hair pins, hair clips and Kahi dasta.
-Dry Coconut.
Goods made taxable @ 5.5%(after adding additional tax of 10%, rate of tax would be 6.05%)
Shoes including moulded Plastic footwear, hawai chappals and straps thereof, Plastic footwear or Hand crafted footwear the price whereof doesnot exceed rupees 750/-
Goods made taxable @ 20.5%(after adding additional tax of 10%, rate of tax would be 22.55%)
Soft Drinks, aerated water and soda.
Goods made taxable @ 50%(after adding additional tax of 10%, rate of tax would be 55%)
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Goods made tax free after the changes:
-School bags, Pencils, erasers, sharpners, Geomtery Boxes, Colour boxes and Crayons, school water bottles, feeding Bottles and nipples.
-Hearing aids, intra ocular lense, sticks and other walking support items.
-Madhani, lemon squeezer, Roller and rolling Pins(Chakla velan), Mat(Chattai), Broom(Jharu), Pawa, Chotta Toka, Doona and Pattal, comb, Hair pins, hair clips and Kahi dasta.
-Dry Coconut.
Goods made taxable @ 5.5%(after adding additional tax of 10%, rate of tax would be 6.05%)
Shoes including moulded Plastic footwear, hawai chappals and straps thereof, Plastic footwear or Hand crafted footwear the price whereof doesnot exceed rupees 750/-
Goods made taxable @ 20.5%(after adding additional tax of 10%, rate of tax would be 22.55%)
Soft Drinks, aerated water and soda.
Goods made taxable @ 50%(after adding additional tax of 10%, rate of tax would be 55%)
Cigarettes and Cigars.
These changes would be effective from 16th April, 2013.
Relevant Notifications are as follows:
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