PUNJAB VAT 5 % NOTIFICATION

GOVERNMENT OF PUNJAB
DEPARTMENT OF EXCISE AND TAXATION
(EXCISE AND TAXATION BRANCH)

Notification

The 29th January, 2010

No.________________________________.- 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 (3) of section 8 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 insert the following Schedule after Schedule-C appended to the said Act with immediate effect by dispensing with the condition of previous notice, namely:-

“SCHEDULE C-I
(See section 8)

LIST OF GOODS TAXABLE @ 4 PERCENT
            ------------------------------------------------------------------------------------------------------------
Declared goods as specified in section 14 of the Central Sales Tax Act, 1956, except those included in any other Schedule.”
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SHIVINDER SINGH BRAR,
                                                                        Financial Commissioner Taxation and
                                                                        Secretary to Government of Punjab,
                                                                        Department of Excise and Taxation.
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GOVERNMENT OF PUNJAB
DEPARTMENT OF EXCISE AND TAXATION
(EXCISE AND TAXATION II BRANCH)

Notification
The 29th January, 2010

No. S.O.   /P.A.8/2005/S.8/2010.- 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 (3) of section 8 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 amendments in Schedule 'B', appended to the said Act with immediate effect by dispensing with the condition of previous notice, namely:-

AMENDMENT

In the said Schedule,-

(i)                 for the existing heading captioned as “LIST OF GOODS TAXABLE @ 4 PERCENT”, the following shall be substituted, namely:-
“LIST OF GOODS TAXABLE @ 5 PERCENT”,
(ii)               for serial No. 27 and entries relating thereto, the following shall be substituted, namely :-
“27.     Cotton waste” ;
(iii)             serial No. 30 and entries relating thereto shall be omitted ;
(iv)              serial No. 79 and entries relating thereto shall be omitted ;
(v)                serial No. 80 and entries relating thereto shall be omitted ;
(vi)              for serial No. 82 and entries relating thereto, the following shall be substituted, namely :-
“82.     Pipes and pipe fittings of ductile pipes and Poly Venyl Chloride”; and
(vii)            for serial No. 134 and entries relating thereto, the following shall be substituted, namely :-
“134.   Yarn of all types, including yarn waste and sewing thread except cotton yarn”.

                                                                       

SHIVINDER SINGH BRAR,
                                                                        Financial Commissioner Taxation and
                                                                        Secretary to Government of Punjab,
                                                                        Department of Excise and Taxation.
following items has been deleted from schedule B means on this type of items ,4 % rate remain applicable 
30.       
Declared goods as specified in Section 14 of the Central Sales Tax Act, 1956 except those included in any other schedule.

79.       
Oil seeds
80.       
Paddy, rice, wheat and pulses
Following serial Number in schedule B has been amended

27.       
Cotton and cotton waste

82.       
Pipes  and pipes fittings of all varieties including G.I. pipes, C.I. pipes, ductile pipes and PVC
New entry is




Pipes and pipe fittings of ductile pipes and Poly Venyl Chloride”; and 



134.       
Yarn of all types, including yarn waste and sewing thread Except cotton yarn(New word added)
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Public Notice regarding 10% is available here
Saturday, January 30, 2010

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