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PUNJAB VALUE ADDED TAX ACT 2005
Section|
 Section heading
 
  Chapter I  - PRELIMINARY







 

1

Short title, extent and commencement

2

Definitions.

3

Commissioner and other officers

4

Constitution of VAT Tribunal

5

Procedure of VAT Tribunal
Chapter II  - INCIDENCE AND LEVY OF TAX

6

Incidence of Tax

7

Liability of Person Registered under Central Sales Tax Act , 1956

8

Rate of Value Added Tax

8A

Payment in Lump-sum of Tax

8B

Levy of additional tax

9

Rate of Turnover Tax

10

 Rounding off of tax

11

 Bar against collection of tax when not payable
12 Liability of registered person

13

Input tax credit

14

Input tax credit in respect of stock held on the appointed day

15

Net tax payable by a taxable person
16 Tax free goods

17

Zero-rated sales

18

Refund of Tax to certain categories
Chapter III - LEVY OF PURCHASE TAX

19

Levy of Purchase Tax on certain goods

20 Levy of tax on turnover of purchase of goods in certain circumstances
Chapter IV - REGISTRATION
21 Persons Liable to Register

22

Voluntary Registration for VAT

23

Amendment of registration

24

Cancellation of registration

25

Security from Certain Class of Persons

Chapter V - PROCEDURE AND ADMINISTRATION OF TAX
26 Returns
27 Tax Deduction from the Amount Payable to Works Contractor
28 Audit of returns
29 Assessment of Tax
30 Provisional Assessment
31 Tax liability of a casual trader

32

Interest for Non-payment or Delayed payment of Tax

Chapter VI - PAYMENT AND RECOVERY OF TAX

33

Due date of Payment

34

Tax as a Debt Due to the Government

35

Liability under this Act to be the First Charge

36 Arrear recoverable as Arrears of Land Revenue
37 Adjustment of any payment

38

Restrictions on Transfer of Property

Chapter VII - REFUND

39

Refund of Tax

40 Interest on Delayed Refund
41

Power to Withhold Refund in Certain Cases

Chapter VIII - LIABILITY TO PRODUCE ACCOUNTS

42

Accounts

43

 Audit of accounts by Chartered Accountant
44 Period of Retention of Accounts

45

Taxable Person and Registered Person to Issue Invoice

46

Production and Inspection of Accounts, Impounding of documents, Search of Premises and Seizure of Goods

47

Cross-Checking of Transactions

48

Survey

49 Power to Collect Statistics
50 Publication and Disclosure of Information in Public Interest
Chapter IX - ESTABLISHMENT OF INFORMATION COLLECTION CENTRES
51 Establishment of Information Collection Centres (ICCs) or check posts and inspection of Goods in Transit
Chapter X - OFFENCES AND PENALTIES
52 Penalty for failure to register
53 Penalty for failure to pay tax when due
54 Penalty for failure to file return or annual statement
55 Penalty for unauthorized collection of tax
56 Penalty for evasion of tax
57 Penalty for failure to issue invoice and use of false invoices
58  Penalty for misuse of registration number
59  Penalty for non-payment of assessed demand
60  Penalty in cases not covered elsewhere
61 Authority competent to impose penalty
Chapter XI - APPEAL AND REVISION
62 First Appeal
63 Appeal to the Tribunal
64 Condonation of delay
65 Revision
66 Rectification of Mistakes
67 Bar on Appeal against certain orders
68 Appeal or Revision to High Court
Chapter XII - MISCELLANEOUS
69 Returns to be Confidential
70 Power to make Rules
71 Court fee Stamps on Memorandum of Appeal and Application for Revision
72 No Time Limit for Completion of Assessment or Amended Assessment in certain cases
73 Assessee permitted to Attend through Authorized Agent
74 Power to Call for Information

75

Delegation of Powers

76

Information to be Furnished regarding Change of Business

77

Transfer of Business

78

Liability to Tax on Stock in certain cases

79

Liability of Partners

80

Liability to pay Tax in case of Death

81

Certain Agents Liable to Tax for sales on behalf of Principal

82

Amalgamation of Companies

83

Liability in case of Company, Firm or Society in Liquidation

84

Provisions in case of Inter-State Trade

85 Determination of Disputed Questions
86 Power to seek Assistance From Police Officer or other officer
87 Powers to Summon Witness and Production of Records
88 Bar to Certain Proceedings
89 Indemnity
90 Burden of proof
91 Power to remove difficulties
Chapter XII - REPEAL AND SAVINGS
92 Repeal & Savings
93 Transitional Provisions
94 Repeal of Punjab Ordinance 5 of 2005

 

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