Effective 03 September, 2012, the rate of VAT in Punjab has been enhanced, as mentioned below:
|
Particulars |
Rate up to 02 September 2012 |
Rate with effect from 03 September 2012 |
| Goods falling under Schedule B (Except Declared Goods i.e.Wheat, Paddy and Rice) |
5% |
5.5% |
| Declared Goods falling under Schedule C-I (Other than Wheat, Paddy and Rice included in Schedule B ) |
4% |
4.5% |
| Goods falling under Schedule D 20% 20.5% |
20% |
20.5% |
| Goods falling under Schedule F |
12.5% |
13% |
Note: With respect to Goods falling under Schedule E, such as Diesel, Petrol, LPG for Domestic use, Cell phone including all its parts and Accessories etc. which are liable to tax at special rate, there is rate increase up to 0.5%
Additional Tax @10% on VAT would continue to be levied.
Source: Notification Dated 03 September, 2012 read with public notice of even date.
