Punjab Government levies 10% Surcharge on VAT

Punjab Government has imposed 10% Surcharge on All Goods (Other than Declared Goods u/s 14 of CST Act, 1956 and Sales made by TOT dealer), w.e.f. 5th February 2010. The Surcharge will be shown separately and its account will be maintained separately.

THE PUNJAB VALUE ADDED TAX (AMENDMENT)

ORDINANCE, 2010

(PUNJAB ORDINANCE NO.__ OF 2010)

AN

ORDINANCE

further to amend the Punjab Value Added Tax Act, 2005.

Promulgated by the Government of Punjab in the Sixty-first Year of the Republic

of India.

Whereas, the Legislative Assembly of the State of Punjab is not in session and

the Governor is satisfied that circumstances exist, which render it necessary for him to

take immediate action;

Now, therefore, in exercise of the powers conferred by clause (1) of Article 213 of

the Constitution of India, the Governor of Punjab is pleased to promulgate the following

Ordinance, namely: -

Short title

and

Commence

ment

1. (1) This Ordinance may be called the Punjab Value Added Tax (Amendment)

Ordinance, 2010.

(2) It shall come into force at once, but in respect of liquor, it shall come

into force on and with effect from the 1st day of April, 2010.

2. In the Punjab Value Added Tax Act, 2005, after Section 8-A, the following

section shall be inserted, namely :-

“8-B (1)

Notwithstanding anything contained in this Act, there shall be

levied and collected on the taxable turnover of a person,

other than the registered person, an additional tax, which

shall be calculated at the rate of ten percentum of the tax,

payable by him under this Act:

Provided that the aggregate of tax and the surcharge

payable under this Act, shall not exceed in respect of the

goods, declared to be of special importance in inter-state

trade or commerce under section 14 of the Central Sales

Tax Act, 1956, the rate fixed under section 15 of that Act.

(2) Except as otherwise provided in sub-section

(1), the provisions of this Act shall, so far as may be, apply

in relation to the additional tax, leviable under sub-section

(1) as they apply in relation to the tax, leviable under any

other provision of this Act.

GOVERNOR OF PUNJAB

Chandigarh,

Dated the 4th February 2010