UPLOAD THE INFORMATION ON SITE BEFORE BUYING OR SELLING GOODS IN PUNJAB

Punjab government issued a circular about the changes in VAT rules. Now any dealer buying or selling the goods above Rs. 20000 needs to upload all the information on the government website before make moving to the vehicle. It would increases the cost of the dealers as well as headache. The format in which all the details to be furnished will be launch by the state government soon. Some goods are exempt from this rules which are as under.

1)    Iron & steel.

2)    Cotton bales and yarn

3)    Edible oil

4)    Timber

5)    Marble

6)    Tiles of all kinds.

Full notification is as under.

PUBLIC NOTICE

   EXCISE AND TAXATION DEPARTMENT, PUNJAB

ATTN:- TAXABLE PERSONS,ADVOCATES,CHARTED ACCOUNTANTS, COST ACCOUTANTS.

                          At present, the information regarding goods being brought into and moving out of the state of Punjab (Inter-state transactions) is furnished at the Information Collection Centers (I.C.Cs)/ Check Posts by the dealers and consumers. Now, this process of collection of information from dealers will be extended to intra-state transactions also (within Punjab) i.e. goods moving from one part of the State to other part. Hence, all the dealers making intra-state transactions shall compulsorily upload the information about the goods on the department’s website i.e. www.pextax.com before leaving the vehicle from the premises of a dealer. It shall be in the form of a self-declaration format/Performa; which shall be prescribed shortly by the department.

This compulsory declaration will be applicable for all the transactions whose value is in excess of Rs. 2,00,000/- for one single bill, except for the following commodities:

1)    Iron & steel.

2)    Cotton bales and yarn

3)    Edible oils

4)    Timber

5)    Marble

6)    Tiles of all kinds.

The compulsory declaration for the above-mentioned six commodities will be applicable for the transactions whose value is in excess of Rs. 20,000/- for one single bill.

All persons making such transactions shall necessarily upload the required information in the Performa prescribed by the department. This will be mandatory w.e.f. 1.6.2011. The details regarding forms, methodology and other related information will be placed on department’s website: www.pextax.com.

Hence, all the dealers are requested to make necessary arrangements for uploading the forms i.e. required computer with internet connection and a printer along with the technical manpower. Similarly, all the concerned dealers, for whom it relates, are advised to take username/password from the concerned district AETC.

       

For any query or details, pl. contact, 98729-10007, 98729-10044

EXCISE & TAXATION COMMISSIONER

                                                                                             PUNJAB, PATIALA

Tags-website rule in punjab,rule 20000 punjab vat,punjab vat rule