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Punjab VAT amendment Act 2008

The Ministry of Home Affairs, Government of India has approved the amendment in the Punjab Value Added Tax Act, 2008 to the Union Territory of Chandigarh

The salient amendment is the facilitation of Summary assessment at the option of the dealers pending Sales assessment cases prior December 14, 2005 i.e. before VAT came into existence. The rules and conditions for deemed assessment would be framed by the Administration at the earliest.

In addition to above, another significant amendment is enabling the collection of VAT on sale of Petroleum products at first stage itself.

Click to view ACT No.14 of 2008, dated 28/05/2009

Chandigarh exempts VAT on "Agarbatti"

The Chandigarh Administration has exempted the incense sticks used mostly for religious purposes like agarbatti and dhupbatti from 4 per cent Value Added Tax in UT Chandigarh.

Amendments have been made in Schedule "A" and "B" of the Punjab Value Added Tax Act, 2005.





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