CHANGE IN THE RATE OF VAT ON SARSON & BINOLA KHAL

AMENDMENT

1.       In Schedule B, in Serial No.78, after the words “de-oiled cakes”, the words “except Sarson and Binola Khal” shall be added.

2.       In Schedule E, after Serial No.28 and Entries relating thereto, the following shall be added, namely:-

“29. Sarson and binol khal”                        2 percent

Reduction in rate of VAT on LED Lights and Dry Fruits, and in Rate of CST on Paper Board.

Reduction in rate of VAT on LED Lights and Dry Fruits, and in Rate of CST on Paper Board.

https://www.pextax.com/PEXWAR/ShowDoc/WLP+Repository/DryFruits

 

OLD E-ICC PASSWORD MUST BE CHANGED.

OLD E-ICC PASSWORD MUST BE CHANGED.

Now all E-ICC Entries for Import or Export of Punjab should be made through new COTIS portal of pextax.com

Old user of E-ICC To get New Password, you should login to old E-ICC link. Then you will be auto instructed by server to change your old password.

Punjab Excise e-ICC Module User Training Session:

For help to Login to COTIS Portal you may go through this link https://www.youtube.com/watch?v=GZChHpzNZS8

Some New Features of new COTIS portal of E-ICC

1.    All Dealers of All over India updated by their TIN & will auto selected by enter only TIN.

2.    All Vehicles of All over India updated by their R/C Numbers & will be auto selected by enter only Vehicle No.

3.    Computer Code also auto selected by selection of Name of Commodity.

Assessment-Re-Assessment, scope-Re-assessment made on certain audit objection-Power to make reassessment is not absolute- In the absence of any fresh material; re-assessment cannot be made-Punjab VAT Act-2005, Section 29 (7) P.D. Aggarwal Infrastructure Ltd, Hoshiarpur versus State of Punjab (PVT) 1 NTR 350

Assessment-Re-Assessment, scope-Re-assessment made on certain audit objection-Power to make reassessment is not absolute- In the absence of any fresh material; re-assessment cannot be made-Punjab VAT Act-2005, Section 29 (7) P.D. Aggarwal Infrastructure   Ltd, Hoshiarpur versus State of Punjab (PVT) 1 NTR 350

Assessment-Re-assessment –Limitation-The mandatory clause of seeking permission from the Commissioner does not provide the concession of expiry time to be added in to the limitation period of 3 years –Punjab VAT Act-2005, Section 29 (7) P.D. Aggarwal Infrastructure   Ltd, Hoshiarpur versus State of Punjab (PVT) 1 NTR 350