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 .....
