PUNJAB GOVT. GAZ., JUNE 10, 2023

(JYST 20, 1945 SAKA)

EXTRAORDINARY

Published by Authority

CHANDIGARH, SATURDAY, JUNE 10, 2023

(JYAISTHA 20, 1945 SAKA)

( lxv )

LEGISLATIVE SUPPLEMENT

Contents

Pages

Part - I

Acts

Nil

Part - II

Ordinances

Nil

Part - III

Delegated Legislation

Notification No. S.O. 42/P.A.8/2005/S.8/

2023, dated the 10th June, 2023 containing

amendment in Schedule "E" appended to

the Punjab Value Added Tax Act, 2005

(Punjab Act No. 8 of 2005)

Part - IV

Correction Slips, Republications and

Replacements

Nil

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PUNJAB GOVT. GAZ., JUNE 10, 2023

(JYST 20, 1945 SAKA)

983

2855/6-2023/Pb. Govt. Press, S.A.S. Nagar

PART III

GOVERNMENT OF PUNJAB

DEPARTMENT OF EXCISE AND TAXATION

(EXCISE AND TAXATION-II BRANCH)

NOTIFICATION

The 10th June, 2023

No. S.O. 42/P.A.8/2005/S.8/2023.- Whereas the State Government

is satisfied that circumstances exist, which render it necessary to take

immediate action in public interest:

Now, therefore, in exercise of the powers conferred by sub-section (3)

of section 8 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005),

and all other powers enabling him in this behalf, the Governor of Punjab is pleased

to make the following amendment in Schedule "E" appended to the said Act, with

effect from the 10th June, 2023 (midnight of 10th and 11th June, 2023), by

dispensing with the condition of previous notice, namely:-

AMENDMENT

In the said Schedule "E", for serial numbers 1 and 2 and the entries

relating thereto, the following shall be substituted, namely:-

“1 Diesel other than premium diesel

12.00 per cent or rupees 10.02

per litre, whichever is greater

2. Petrol

15.74 per cent or rupees 14.32

per litre, whichever is greater:

Provided that Additional tax at the rate of 10% as specified in section

8-B of the Punjab Value Added Tax Act, 2005 shall be added in ad valorem

rates only. Fixed rates specified above are already inclusive of additional tax at

the rate of 10% as specified in section 8-B of the Punjab Value Added Tax

Act, 2005.”.

VIKAS PRATAP, IAS,

Financial Commissioner (Taxation)

to Government of Punjab,

Department of Excise and Taxation.