PUNJAB GOVT. GAZ.(EXTRA), SEPTEMBER 11, 2026

(BHDR 20, 1948 SAKA)

1000

EXTRAORDINARY

Published by Authority

CHANDIGARH, FRIDAY, SEPTEMBER 11, 2026

(BHADRA 20, 1948 SAKA)

LEGISLATIVE SUPPLEMENT

Contents

Pages

Part - I

Acts

The Punjab Goods and Services Tax

(Amendment) Act, 2026.

(Punjab Act No. 12 of 2026)

Part - II

Ordinances

Nil

Part - III

Delegated Legislation

Nil

Part - IV

Correction Slips, Republications and

Replacements

Nil

______

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PUNJAB GOVT. GAZ.(EXTRA), SEPTEMBER 11, 2026

(BHDR 20, 1948 SAKA)

1001

PART-I

GOVERNMENT OF PUNJAB

DEPARTMENT OF LEGAL AND LEGISLATIVE AFFAIRS, PUNJAB

NOTIFICATION

The 11th September, 2026

No.14-Leg./2026.- The following Act of the Legislature of the State

of Punjab received the assent of the Governor of Punjab on the 01st day of

September, 2026, is hereby published for general information :-

THE PUNJAB GOODS AND SERVICES TAX (AMENDMENT)

ACT, 2026

(Punjab Act No.12 of 2026)

AN

ACT

further to amend the Punjab Goods and Services Tax Act, 2017.

BE it enacted by the Legislature of the State of Punjab in the

Seventy-seventh Year of the Republic of India, as follows:-

1. (1) This Act may be called the Punjab Goods and Services Tax (Amendment)

Act, 2026.

(2) It shall come into force on such date as the Government of Punjab may, by

notification in the Official Gazette, appoint.

2. In the Punjab Goods and Services Tax Act, 2017 (hereinafter referred to

as the principal Act), in section 15, in sub-section (3), for clause (b), the

following clause shall be substituted, namely:––

“(b) after the supply has been effected, if for such discount, a credit note has

been issued by the supplier and input tax credit as is attributable to such discount

has been reversed by the recipient of the supply, in accordance with the

provisions of section 34.”.

3. In the principal Act, in section 34, in sub-section (1), after the words “both

supplied are found to be deficient”, the words, brackets, letter and figures “or

where a discount referred to in clause (b) of sub-section (3) of section 15 is

given” shall be inserted.

Short title and

commencement.

Amendment in

section 15 of

Punjab Act 5 of

2017.

Amendment in

section 34 of

Punjab Act 5 of

2017.

PUNJAB GOVT. GAZ.(EXTRA), SEPTEMBER 11, 2026

(BHDR 20, 1948 SAKA)

1002

4. In the principal Act, in section 54,-

(a) in sub-section (6), after the words “supply of goods or services or both”,

the words, brackets and figures “or of unutilised input tax credit allowed under

clause (ii) of the first proviso to sub-section (3)” shall be inserted; and

(b) in sub-section (14), after the words, brackets and figures “sub-section (5)

or sub-section (6)”, the words and sign “,other than cases where refund of

tax is claimed on account of goods exported out of India with payment of tax,”

shall be inserted.

Sd/-

B.B.S. TEJI,

Principal Secretary to Government of Punjab,

Department of Legal and Legislative Affairs.

Amendment in

section 54 of

Punjab Act 5 of

2017.

3826/9-2026/Pb. Govt. Press, S.A.S. Nagar