Monetary limit for audit under Punjab VAT Act, 2005 raised to one Crore from Fifty lacs

GOVERNMENT OF PUNJAB

DEPARTMENT OF EXCISE AND TAXATION

(EXCISE AND TAXATION-II BRANCH)

NOTIFICATION

The    September, 2013

No. .                                     - In exercise of the powers conferred by sub-section (1) of
section 70 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 rules further to amend the Punjab Value added Tax Rules, 2005, namely:-

RULES

1 (1) These rules may be called the Punjab Value Added Tax ( Amendment) Rules, 2013.

(2) They shall come into force on and with effect from the date of their publication in the Official Gazette.

2 In the Punjab Value Added Tax Rules, 2005 in rule 41, for the words "fifty lacs",the words "one crore" shall be substituted.


D.P.REDDY,
Financial Commissioner Taxation and
Secretary to Government of Punjab,
 Department of Excise and Taxation.

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