Due date of efiling of Punjab VAT return for Q1 of year 2015-16 extended

0 comments Thursday, July 30, 2015
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Representation on claim of Input Tax Credit on LPG by hotel industry under PVAT Act, 2005

0 comments Saturday, July 25, 2015
 I had prepared a reprsentation on allowance of input tax credit on purchase of LPG to the Hotel Industry. This representation was prepared on behalf of Hotel Industry of Punjab and has already been sent to Dy. Chief Minister of Punjab on 15.05.2015. The Dy. CM Punjab has already forwarded this representation to the Financial Commisasioner Taxation, Punjab for necessary action.

It is worth noting that LPG is a main input tax credit for hotel industry, however, the input tax credit on the purchase of the same is not allowed by the revenue on the basis of section 13(5)(b) of Punjab VAT Act, 2005. The letter of representation is as under:

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Interim stay on section 62(5) of Punjab VAT Act, 2005

0 comments Wednesday, July 8, 2015
The Hon'ble Punjab & Haryana High Court in one of writ petitions challenging the constitutional vires of section 62(5) of Punjab VAT Act, 2005 filed by me has granted interim stay on adopting coercive measures for recovery of 25% pre-deposit as required under the said section for hearing of appeal and also has made an order as to non dismissal of appeal for want of such pre-deposit.

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