The point to be noted in this regards are
- The rate is applicable from 29.01.2010
- Rate given in schedule B of Punjab Vat rate has only been changed.
- Surcharge on vat @ 10 % has not been imposed yet as proposed by two member committee to Cabinet.
- The 5 % rate is not applicable on items which are given under declared goods category in CST act 1956.
Decalered Goods as per CST act 1956
Wednesday, January 27, 2010