WCT rate in Punjab enhanced from 5% to 6%

0 comments Tuesday, April 9, 2013

Section 27 of the Punjab VAT Act, 2005 has been amended to enhance the rate of Works Contract Tax i.e   tax to be deducted from payments made to contractors and sub-contractor, from 5% to 6%.
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Amendments towards implementation of E-trip in Punjab

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Punjab VAT Act, 2005 has been amended empowering the Excise & Taxation Commissioner, Punjab to implement electronic governance for carrying out various provisions of the Act. This may be a step towards implementation of E-Trip in Punjab.

 A new Section 3-A under the Punjab VAT Act, 2005 has been inserted which runs as follows:
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