Entry tax on automobiles in Punjab, no more cheaper vehicles from other States due to difference in rate of tax

0 comments Wednesday, April 10, 2013

Punjab Government has levied entry tax on all motor vehicles purchased from outside the State of Punjab but brought into the local areas of Punjab for registration under Motor Vehicles Act, 1988. 

 The tax has been levied on all the persons except the Taxable persons registered under Punjab VAT Act, 2005 and who exclusively deal in sale and purchase of motor vehicles. Thus entry tax on automobiles will not be payable by the persons registered under Punjab VAT Act and exclusively dealing in sale, purchase of motor vehicles.
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New VAT-2 and CST challan forms for VAT and CST payments notified

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Excise & Taxtaion Department, Government of Punjab has notified new VAT-2 challlan forms for VAT payments under Punjab VAT Act, 2005 and also a new Form-II(CST) challan form for CST payments under CST(Punjab) Rules, 1957. 

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