Punjab Govt Has Increased the Vat rate given in shedule "b" Of Punjab Vat ACT 2005 from 4 % to 5% from 29.01.2010.Notification in this regard is not available on Punjab Govt site.But a public Notice ghas been published in all leading news papers that effective date of new rates is 29.01.2010.
The point to be noted in this regards are

  1. The rate is applicable from 29.01.2010
  2. Rate given in schedule B of Punjab Vat rate has only been changed.
  3. Surcharge on vat @ 10 % has not been imposed yet as proposed by two member committee to Cabinet.
  4. 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

Goods of special importance - Section 14 gives list of ‘goods of special importance’ called ‘declared goods’. Important among them are :
Cereals i.e. paddy, rice, wheat, bajra, jowar, barley etc.
Coal and coke in all forms excluding charcoal
Cotton in un-manufactured form but not cotton waste
Cotton fabrics, cotton yarn
Crude oil
Hides and skins
Iron and Steel i.e. pig iron, sponge iron,  iron scrap, steel ingots, billets, steel bars, steel structurals, sheets, plates, discs, rings, tool steel, tubes, tin plates, steel wheels, wire rods; defectives of above etc.
Oil-seeds i.e. groundnut, til, cotton seed, linseed, castor, coconut, sunflower, mahua, kokum, sal etc.
Pulses i.e. gram, tur, moong, masur, urad etc.
Man-made fabrics - fabrics of man-made filament yarn i.e. artificial textile materials, polyester filament yarn, staple fibres, polyester staple fibre, tyre cord fabric, impregnated textile fabrics etc.
Sugar and Khandsari Sugar
Woven fabrics of wool
Aviation Turbine Fuel sold to a turbo-prop aircraft
Un-manufactured tobacco, cigars, cigarettes, biris, chewing tobacco, snuff etc. were 'declared goods' upto 31-3-2007. Now, they are not 'declared goods' w.e.f. 1-4-2007.

Complete List of Section 14 Cst act list is here (declared Good)

14. Certain goods to be of special importance in Inter-State trade or commerce.-
It is hereby declared that the following goods are of special importance in inter-State trade or commerce:-
93 [(i) cereals, that is to say .-
      (i) paddy (Oryza sativa L);
 (ii) rice (Oryza sativa L.);
 (iii) wheat (Triticum vulgare, T.compactum, T.sphaerococcum.     T. durum, T. aestivum L.T. discoccum);
 (iv) jowar or milo (Sorghum vulgare pers);
 (v) bajara (Pennisetum typhoideum L.);
 (vi) maize (Zea malys D.);
 (vii) ragi (Eleusine coracana Gaertn.);
 (viii) kodon (Paspalum scrobiculatum L.);
 (ix) kutki (Panicum miliare L.);
 (x) barely (Hordeum vulgare L.); ]

94[95(ia)] coal, including coak in all its forms, but excluding char-coal:
Provided that during the period commencing on the 23rd day of February, 1967 and ending with the date of commencement of section 11 of the Central Sales Tax (Amendment) Act, 1972, this clause shall have effect subject to the modification that the words ''but excluding char-coal'' shall be omitted;]

(ii) cotton, that is to say, all kinds of cotton (indigenous or imported in its unmanufactured state, whether ginned or unginned baled pressed or otherwise, but not including cotton waste:;
96 (iia) cotton fabrics covered under heading Nos. 52.05, 52.06, 52.07, 52.08,52.09, 52.10, 52.11, 52.12, 58.01, 58.02, 58.03, 58.04, 58.05, 97 [58.06], 59.01, 59.03, 59.05, 59.06 and 60.01 of the Schedule to the Central Excise Tariff Act, 1985;
98 [(iib) cotton yarn but not including cotton yarn waste;]
99 [(iic) crude oil, that is to say, crude petroleum oils and crude oils obtained from bituminous minerals ( such as shale, calcareous rock, sand), whatever their composition, whether obtained from normal or condensation oil-deposits or by the destructive distillation of bituminous minerals and whether or not subject to all or any of the following processes:-
      (1)  decentration;
      (2)  de-salting;
      (3)  dehydration;
      (4) stabilisation in order to normalise the vapour  pressure,
      (5) elimination of very light fractions with a view to returning them to the oil-deposits in order to improve the drainage and maintain the pressure;
      (6)  the addition of only those hydrocarbons previously recovered by physical methods during the course of above-mentioned processes;
      (7)  any other minor process (including addition of pour point depressants or flow improves) which does not change the essential character of the substance; ]
100  [(iid) Aviation Turbine fuel sold to a Turbo-Prop Aircraft.
Explanation : For the purposes of this clause, “Turbo-Prop Aircraft” means an aircraft deriving thrust, mainly from propeller, which may be driven by either turbine engine or piston engine.] 
(iii) hides and skins, whether in a raw or dressed state;
101 [(iv) Iron and steel i.e. to say:-
    1. 102 [pig iron sponge iron and] cast iron including 103[ingot moulds, bottom plates], iron scrap, cast iron scrap, runner scrap and iron skull scrap;
      (ii)   steel semis (ingots, slabs, blooms and billets of all qualities, shapes and sizes);
      (iii)   skelp bars, tin bars, sheet bars, hoe-bars and sleeper  bars;
      (iv)  steel bars (rounds, rods, squares, flats, octagons and  hexagons, plain and ribbed or twisted, in coil form as well as straight lengths);
      (v)   steel structural (angles, joists, channels, tees, sheet,  pilling section, Z sections or any other rolled sections);
      (vi)   sheets, hoops, strips and skelp, both black and galvanised, hot and cold rolled, plain and corrugated in all qualities, in straight lengths and in coil form, as rolled and in rivetted condition;
      (vii)   plates both plain and chequered in all qualities;
      (viii)  discs, rings, forgings and steel castings;
      (ix)   tool, alloy and special steels of any of the above categories;
    1. steel melting scrap in all forms including steel skull, turnings and borings;
    2. steel tubes both welded and seamless, of all diameters and lengths including tube fittings;
    3. tin-plates, both hot dipped and electrolytic and tin-free plates;
    4. fish plates bars, bearing plates bars, crossing sleeper bars, fish plates, bearing plates, crossing sleepers and pressed steel sleepers, rails-heavy and light crane rails;
      (xiv)   wheels, tyres, axels and wheels sets;
      (XV) wire rods and wire-rolled, drawn, galvanised, aluminised, tinned or coated such as by copper;
      (xvi)  defectives, rejects, cuttings or end pieces of any of the above categories; ]
  1. [(v) jute, that is to say, the fibre extracted from plants belonging to the species corchorus capsularies, and Corchorus olitorius and the fibre known as mesta or bimli extracted from plants of the species Hibiscus cannabinus and Hibiscus sabdariffa- Varaltissima and the fibre known as Summ or Sunn-hemp extracted from plants of the species Crotalaria Juncea whether baled or otherwise; ]
104A(va) Liquified Patroleum Gas for domestic use
105  (vi) Oilseeds, that is to say:-
            (i) Groundnut or peanut (Arachis hypogaea);
            (ii) Sesamum or Til (Sesamum orientale);
            (iii) Cotton seed (Gossypium Spp);
            (iv) Soyabean (Glycine seja);
            (v) Rapseed and Mustared
      1. Torta (Brassica campestris var toria);
      2. Rai (Brassica juncea);
      3. Jamba-Taramira(Eruca Saatiya);
      4. Sarson, yellow and brown (Brassica campestris var sarson);
      5. Banarsi Rai or True Mustured (Brassica nigra);
      (vi) Linseed (Linum usitatissimum);
            (vii) Castor (Ricinus communis);
            (viii)Coconut (i.e. Copra excluding tender coconuts)
            (ix) Sunflower (Helianthus annus);
            (x) Nigar seed (Guizotia abyssinica);
            (xi) Neem, vepa (Azadirachta indica);
        (xii) Mahua, illupai, Ippe (Medhuca indica M. Latifolia, Bassia, Latifolia and Madhuca  longifolia syn. M.  Longifolia);
            (xiii) Karanja; Pongam, Honga (Pongamia pinnata syn.P. Glabra);
            (xiv) Kusum (Schleichera oleosa, syn S. Trijuga);
            (xv) Punna, Undi (Calophyllum inophyllum);
            (xvi) Kokum (Carcinia indica);
            (xvii) Sal (Shorea robusta);
            (xviii) Tung (Aleurites fordii and A.montanna)
            (xix) Red palm (Elaeis guinensis);
            (xx) Safflower (Carthanus tincotorius);

106 (via) pulses, that is to say:-

                  (i) gram or gulab (Cicerarietinum L.);
   (ii) tur or arhar (Cajanus cajan);
   (iii) moong or green gram (Phaseolus aureus);
   (iv) masuri or lentil (Lens esculenta Moench, Lens                 culinaris Mdeic);
   (v)  urad or black gram (Phaseolus mungo);
   (vi) moth (Phaseolus aconitifolius Jacq);
   (vii) lakh or khesari (Lathyrus sativus L.);     

107 (vii) man-made fabrics covered under heading   Nos. 54.08, 54.09, 54.10, 54.11, 54.12, 55.07, 55.08, 55.09, 55.10, 55.11, 55.12, 58.01, 58.02, 58.03, 58.04, 58.05, [58.06]108, 59.01, 59.02, 59.03, 59.05, 59.06 and 60.01 of the Schedule to the Central Excise Tariff Act, 1985; ( 5 of 1986)
(viii) sugar covered under sub-heading Nos. 1701.20, 1701.31, 1701.39 and 1702.11 of the Schedule to the Central Excise Tariff Act, 1985; (5 of 1986)
(ix) unmanufactured tobacco and tobacco refuse covered under sub-heading No. 2401.00, cigars and cheroots of tobacco covered under heading No.24.02, cigarette and cigarillos of tobacco covered       under sub heading Nos. 2403.11 and 2403.21 and other manufactured tobacco covered under sub-heading Nos. 2404.11, 2404.12, 2404.13, 2404.19, 2404.21, 2404.29, 2404.31, 2404.39, 2404.41, 109 [2404.50 and 2404.60], of the Schedule to the Central Excise Tariff Act, 1985; (5 of 1986)
(x) woven fabrics of wool covered under heading Nos.51.06, 51.07, 58.01, 58.02, 58.03 and 58.05 of the Schedule to the Central Excise Tariff Act, 1985.
110 [****]
    [93.Ins.by Act 103 of 1976, sec.7, (w.e.f.7.9.1976)]
    [94.Subs.by Act 61 of 1972, sec.11, for clause (i) (retrospectively)]
[95.Clause (i) renumbered as clause (ia) by Act 103 of 1976, sec.7, (w.e.f.7.9.1976)) Note : Clause (i) was renumbered as clause (i-a) as so renumbered clause (i) relating to “cerals” was inserted vide Act No.103 of 1976 w.e.f 7.9.1976.  the original clause (i) related to “Coal, including cokde in all its forms”.  Because of the decision of the Supreme Court in 19 STC 469 in which it was held that coal includes charcoal, the entry was subs. Excluding charcoal except for the period specified vide Act No.61 of 1972.
[96.Item (iia) ins.by Act 16 of 1957, sec.3 and Subs.by Act 31 of 1958, sec.10 (w.e.f.1.10.1958) and again subs. by Act 26 of 1988, sec.84 (w.e.f 13/5/88)] and previous (ii-a) reads as follows : cotton fabrics as defined in item 19 of the First schedule to the Central Excises and Salt Act, 1944.
    [97.Ins.by Act 13 of 1989, sec.50 (w.e.f.12.5.1989)]
    [98.Ins.by Act 31 of 1958, sec.10, (w.e.f.1.10.1958)]
    [99.Ins.by Act 103 of 1976, sec.7 (w.e.f.7.9.1976)]
    [100.Ins.by Act 14 of 2001, sec.139 (w.e.f.11.5.2001)]
    [101.Subs.by Act 61 of 1972, sec.11, for clause (iv) (w.e.f.1.4.1973)]
    [102.Subs.by Act 14 of 2001, sec.139, for “Pig Iron and “
    [103.Subs.by Act 38 of 1978, sec.3 and sche2, for “ingot moulds bottom plates”]
    [104.Subs.by Act 61 of 1972, sec.11, for clause (v) (w.e.f.1.4.1973)]
[104A Ins. By Finance Act 2006 (w.e.f 1.3.2006)]
    [105.Subs.by Act 61 of 1972, sec.11, for clause (vi) (w.e.f.1.4.1973)]
    [106.Ins.by Act 103 of 1976, sec.7 (w.e.f 7.9.1976)]
    [107.Ins.by Act 31 of 1958, sec.10 (w.e.f 1.10.1958) and subs.by Act 26 of 1988, sec.85 (w.e.f.13.5.1988)
    [108.Ins.by Act 13 of 1989, sec.50.
    [109.Subs.by Act 13 of 1989, sec.50 for “and 2404.50” (w.e.f.12.5.1989)]
[110.Item (xi), i.e., “Silk fabrics, as defined in item No.20 of the first schedule to the Central Excises and Salt Act, 1944 (1 of 1944)” was omitted by Act 19 of 1968, sec.43 (w.e.f.11.5.1968) thereby allowing the states to levy state tax on them]

Wednesday, January 27, 2010


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