The Government of Punjab on September 05, 2024, issued amendment in Schedule “E” of the Punjab Value Added Tax Act, 2005.
The following amendment has been stated:
• In the said Schedule “E”, for serial numbers 1 and 2 and the entries relating thereto, the following shall be substituted as specified in the Table.
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.”
[Notification No S.O.40 /P.A.8/2005/S.8/2024]
