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Punjab VAT

Clarification Regarding Surcharge / Additional Tax on Punjab VAT Rates

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 .....

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

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 .....