As you all know that Punjab Government has already increased the VAT rates from 4% to 5% on Scheduled B items w.e.f. 29-1-2010 and levied the surcharge on VAT Rates @10% w.e.f. 5-2-2010 as per public notice on 4-2-2010. But all VAT registered dealer are in confusion about surcharge. So A. Venu Prasad (ETC) has issued another public notice today (6-2-2010) about clarification regarding surcharge / Additional Tax on Punjab VAT rates which is as follows. So read and comment if you have any query.
Government of Punjab
Excise & Taxation Department, Punjab
Public Notice
Attention: Chartered Accountants/Advocates/Traders
Clarification Regarding Surcharge/Additional Tax
It is brought to the notice of all the concerned that the Surcharge/Additional Tax @10% has been levied on all goods involved in the following schedules: -
- Schedule – B
- Schedule –C
- Schedule –C
- Schedule –E
- Schedule –F
- In Schedule ‘H’ (a) Sugarcane (b) Milk when purchased for use in manufacture of any goods other than tax free gods.
- The surcharge/ Additional Tax shall be charged on liquor w.e.f. 1/4/2010
- The goods falling under category of declared goods but are charged at a rate less than 4% shall also attract Surcharge/Additional Tax.
The goods mentioned as below will not attract the Surcharge/Additional Tax:-
- Schedule ‘C1’ i.e. declared goods.
- The sales made by the Registered Persons (TOT dealers) will also not attract surcharge.
Account of this surcharge shall be maintained separately. This Surcharge / Additional Tax is Vatable as per provisions of Section 8-B(2) of the Punjab Value Added Tax Act, 2005.
For further details visit Department’s website www.pextax.com
Venu Prasad, IAS
Excise & Taxation Commissioner,
Punjab.
Related posts:
- Now Surcharge @ 10% will be Applicable on Punjab VAT Rates w.e.f. 5-2-2010
- Punjab VAT Rates Increased from 4% to 5% w.e.f. 29-1-2010 on Schedule B Items
- Punjab ITC Can be Claimed up to Fourth Stage Only – Punjab VAT Major Amendment
- PUNJAB VAT FORMS DOWNLOAD
- Clarification regarding Schedule Entry C-70 – Paper – MVAT Circular
{ 22 comments… read them below or add one }
Is this surcharge is refundable against further sales
Isa Surcharge applicable on cement also
R/ SIR
HOW to maintained the account of thsi surcharge 10% in sale or purchase, this surcharhe is refundable on purchase input tax or not.
with Rgd
sarbjit singh
1. if a tax free item comes in punjab then 4 % entry tax applicable or not
2. if a Material comes from delhi & going to J & K Then the Entry tax Applicable or not
Is this surcharge is refundable against further sales
Is this surcharge is refundable against further sales
if a person purhase marble from Rajastan to Punjab for owm house then he pay 25% TAX (12.5% Rajastan VAT + 12.5 Entry Tax in punjab)
HOW to maintained the account of thsi surcharge 10% in sale or purchase, this surcharhe is refundable on purchase input tax or not.
is surcharge applicable on CST sale on declare forms and CST sale on full VAT rate in punjab
dear sir
can we claimed surcharge as input tax credit benefit.
can we also add surcharge in input tax.
kya hum surcharge ko input ke sath plus karke sale time par uska
benefit le sakte hai. kya use output ke sath adjust kar sakte hai.
Is this Surcharge is refundable and also applicable on CST if sell on Full Rate.
Dear Sir,
pls tel me about surcharge.
Is this Surcharge is refundable or can we adjust this Vat Output to Vat Input Tax.
Please clarify.
1. The entry tax is only charged on a few items. Is steel (crv31) or steel products or hand tools like spanner, plier, etc taxable as per this new tax?
2. If an input material like a rubber sleeve which till now was taxed as per CST now enters Punjab, what all taxes will be levied on it?
CST or CST + entry tax.
Please help. I am really in a soup due to the change in tax structure.
if surcharge is payable on last date of month, that is adjustable in vat account like c.s.t. ?
Is this Surcharge is refundable or can we adjust this Vat Output to Vat Input Tax ?
Sub.: Surcharge on PUNJAB VALUE ADDED TAX
i) Is Surcharge include in VAT in Col.AMOUNT OF TAX in Form Vat-23 & Vat-24 ?
ii) Is Surcharge separately take in Vat Return Form-15 in Worksheet (Break up) ?
iii) Is Surcharge add in Output Tax in Col.Sr.No.3 of OUTPUT TAX in Form-15 ?
iv) Is excess Surcharge refundable as ITC ?
v) If any item sold by us in Punjab @ 12.5% + 10% Surcharge = 13.75% then what is the rate of tax for Inter-State Sale for the same item ? 12.5% or 13.75%
With Regards
is surcharge refundable or depositable if there is difference therein.
i am very confused that the surcharge is refundable or not
PLS. TELL ME, SURCHARGE IS APPLICABLE IN DELHI OR NOT.
Pls tell me, how will calculate the 13.75%
because the VAT is 12.50%
& Surcharge is 10%
so, the total should be 12.6%, but how the rate will be catched by 13.75%
its urgent
punjab vat realted