Advance tax on five new items levied under Punjab VAT Act, 2005

Punjab Government has levied Advance VAT on 5 new items w.e.f 07.03.2014 these items are as follows:

31. Plastic Fabric and Bags             5.5%
32. Paper Board                             5.5%
33. Brass                                        5.5%
34. Nickel                                       5.5%
35. Timber                                      5.5%

The full notificaton is as follows:

PUNJAB GOVT. GAZ. (EXTRA), MARCH 11, 2014
(PHGN 20, 1935 SAKA)
403
452/03-2014/Pb. Govt. Press, S.A.S. Nagar
PART III
GOVERNMENT OF PUNJAB
DEPARTMENT OF EXCISE AND TAXATION
(EXCISE AND TAXATION-II BRANCH)
NOTIFICATION
The 7th March, 2014

No. S.O.20/P.A.8/2005/S.6/Amd.(1)/2014.-Whereas the State
Government is satisfied that circumstances exist, which render it necessary to take immediate action in public interest;
 
Now, therefore, in exercise of the powers conferred by sub-section (7) of section 6 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 amendment in the Government of Punjab,Department of Excise and Taxation, Notification No. S.O. 90/P.A.8/2005/
S.6/2013 dated the 04th October, 2013, namely:-

AMENDMENT

In the said notification, in the Table, after serial Number 30, and entry relating thereto, the following shall be added, namely:-

31. Plastic Fabric and Bags 5.5%
32. Paper Board 5.5%
33. Brass 5.5%
34. Nickel 5.5%
35. Timber 5.5%
 
D.P. REDDY,
Financial Commissioner Taxation and
Secretary to Government of Punjab,
Department of Excise and Taxation
Posted by AMIT BAJAJ ADVOCATE at 7:31 PM

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