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Punjab assembly passes four bills

The Punjab Assembly on Tuesday unanimously passed four bills including a bill seeking to amend the Punjab VAT Act, 2005.



 

The house passed the Punjab Privately Managed Recognised Schools Employees (Security of service) bill, the Punjab School Education Board (Amendment) bill, the Punjab Municipal fund (Amendment) bill and the Punjab Value Added Tax (Amendment) bill without much discussion.

Introducing the VAT bill, Chief Minister Parkash Singh Badal said by amending the Punjab VAT Act,2005, the government was proposing to collect VAT at source on petroleum products. This will give an additional revenue of Rs 20 crore.

At present the VAT was being collected from the Indian Oil Corporation, he said.

Badal said the government intends to impose lumpsum tax on brick klins. The brick industry in the state have been paying sales tax on lumpsum basis for many years.

Introducing the Punjab Municipal Fund (Amendment) Bill, Local Government Minister Manoranjan Kalia said the Punjab Municipal Fund Act, 2006 provides for allocating 10 per cent of VAT revenue to his department for onward distribution to the urban local bodies.

The new bill seeks to provide for the payment of proportionate loss of revenue on abolition of Octroi to the cantonment boards of Ferozepur and Jalandhar.

Education Minister Upinderjit Kaur introduced the Punjab Privately Managed Recognised schools employees (Security of service) amendment bill and the Punjab school education board (amendment) bill.

The Punjab Privately Managed Recognised Schools employees bill proposes to create Educational Tribunal for redressing the grievances of employees of aided and unaided institutions.

The house also passed the Punjab Appropriation bill.

Source : Hindu - Chennai, India,  dated 26/03/2008

 

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