Punjab
Value Added Tax Act - Section 27 - sub sections (1), (2) –
Works Contract – Tax deduction at source - Rate of deduction
of tax as source by contractees on single works contract value
exceeding Rs.5 lakhs and by contractors on payment to sub contractors
increased to 4% from 2%
Punjab
Value Added Act, 2005 - Date of Commencement - Section
1 (2) - The date of commencement of Punjab Value Added
Tax Act, 2005 notified as 01/04/2005.
Punjab
Value Added Tax Act, 2005 - Commissioner - Appointment
- Section 3(1) - Mr.D.P. Reddy appointed as Commissioner
under the Punjab Value Added Tax Ordinance, 2005.
Punjab
Value Added Tax Act, 2005 - Appointment - Officers -
Jurisdiction - Section 3(1) - Section 3(2) - Appointment
of Officers and their powers and jurisdiction specified
in order to assist the Commissioner to carry out the
purpose of the Punjab Value Added Tax Ordinance, 2005.
Punjab
Value Added Tax Act - Information Collection Centers
- Check Post - Section 51(1) - Establishment of Information
Collection Centers to check tax evasion and avoidance.
Punjab Value Added Tax Act, 2005 - Rate of Tax - Composition
of Tax- Section 9 - Rate of Tax on the taxable turnover
of sales of a registered dealer shall be one paisa
in a rupee of his taxable turnover effected from 31/03/2005.