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Now Surcharge @ 10% will be Applicable on Punjab VAT Rates w.e.f. 5-2-2010

by admin on February 4, 2010

The VAT rate was increased from four percent to fiver percent recently by Punjab Government. (See the detail about increase rates of Punjab from 4% to 5%). Now, Punjab Government has levied the surcharge @10% on VAT. The Excise and Taxation Department of Punjab has issued the notice in this regard on 4th Feb,2010. See below to see the notice. Surcharge will not be applicable on declared goods under Central Sales Tax Act. Download the declared goods items list.

So first 4% turned out to be 5% now 5% turn out to be 5.5% (Hope it will stop here).
12.5% will be 13.75%.

The above are the examples of two vat slabs. Other VAT slabs will also be charged extra 10% surcharge.

Public Notice of Punjab VAT Surcharge @ 10%

GOVERNMENT OF PUNJAB
EXCISE & TAXATION DEPARTMENT, PUNJAB
PUBLIC NOTICE

ATTENTION: DEALERS /LAWYERS/CHARTERED ACCOUNTANTS

LEVY OF SURCHARGE / ADDITIONAL TAX

The Government of Punjab has levied Surcharge / Additional Tax @ 10% on all the goods other than those specified as Declared Goods under section 14 of Central Sales Tax Act, 1956 w.e.f. 05.02.2010. This Surcharge / Additional Tax will be charged on liquor w.e.f. 01.04.2010.

A. Venu Prasad,
Excise & Taxation Commissioner,
Punjab.

Updates : Clarification Regarding Surcharge / Additional Tax on Punjab VAT Rates

Tagged as: Punjab VAT, VAT

{ 10 comments… read them below or add one }

arun mahajan February 5, 2010 at 8:56 am: sir,
HOW TO TRERAT SURCHARGE IS IT TO TREAT SEPRATELY
OR STRAIGHT FORWARD 13.75% OR 5.5% VAT BE LEVIED ON GOODS SOLD.
WITH REGARDS
SANDEEP SHARMA February 5, 2010 at 9:45 am: THE GOVERMENT SHOULD NOT BE INCREASE THE VAT . FOR INCREASE THE GOVERMENT FUND THE GOVT. SHOULS BE LEVIS THE VAT ON CLOTH OR LEVID THE OCTRIE WHICH IS MUST
Mynul February 8, 2010 at 3:23 am: I want to know that if the change in vat will effect in closing stock or not? How will i calculate at the end of the financial year?
Anil Kumar Sood February 10, 2010 at 1:02 am: Surcharge / Additional Tax is applicabe on declared goods or not.
Local Sales tax Department says surcharge is applicable on declared goods @10%
Sushil Sharma February 16, 2010 at 11:35 pm: Is surcharge applicable on CST 12.5% also in Punjab. please provide your suggestions.
ram bansal February 17, 2010 at 12:57 am: Surcharge / Additional Tax is not applicabe on declared goods
AMIT ARORA February 17, 2010 at 11:08 am: HOW TO TRERAT SURCHARGE IS IT TO TREAT SEPRATELY
OR STRAIGHT FORWARD 13.75% OR 5.5% VAT BE LEVIED ON GOODS SOLD.
WITH REGARDS
bhagesh sharma February 18, 2010 at 6:00 am: if additional tax 10% applicable on central sales tax yes or not?
VASU PAINTS February 19, 2010 at 2:43 am: D/Sir,

We want to know that surcharges @ 10% paid on VAT against our purchases, are adjustable or not. Can we less these surcharges from surcharges charged and payable on sales.
NAVEEN AGGARWAL February 21, 2010 at 2:38 am: Please clarify the new rates for CST after levy of Surcharge of 10%.