Punjab to introduce e-filling of returns from Jan '08

Punjab Government on Tuesday said that it would introduce the system of e-filing of returns in the state from January 1, 2008, aimed at facilitating trade and commerce.

An assurance to this effect was given by Punjab Chief Minister Parkash Singh Badal to a deputation of industrialists from Ludhiana here today.

Badal also directed the Financial Commissioner Taxation S.S Brar to extend the last date of the filling of C-forms from November 30, 2007 to March 31, 2008 and expedite the process of VAT refunding.

Brar stated in the meeting that refunds of VAT to the tune of Rs.100 crores had been made by the department so far to be eligible beneficiaries since the formation of SAD-BJP government.

Responding to the other demands raised by the industrialists, Badal said that the Punjab State Electricity Board had already issued a notification on load surcharge for un-authorized connected load, stipulating that there was no reason while large supply consumers should not be at liberty to install additional load so long as they remain within sanctioned contract demand.

He said the large supply consumers would be levied demand surcharge at the rate of Rs 750 per KVA for each default for demand exceeding sanctioned contract demand.