The Government of Punjab on August 07, 2026, notified the Punjab Goods and Services Tax (Amendment) Act, 2026, further to amend the Punjab Goods and Services Tax Act, 2017.
The following has been stated: -
•The Punjab Goods and Services Tax Act, 2017 has been amended to provide that post-supply discounts may be deducted from the taxable value where the supplier issues a credit note and the recipient reverses the attributable input tax credit.
•Section 34 is also amended to permit issuance of credit notes for such discounts.
•Further, Section 54 expands refund provisions to cover unutilised input tax credit, while the restriction on refund applications is modified to exclude cases involving goods exported out of India with payment of tax.
It shall come into force on such date as the Government of Punjab may, by notification in the Official Gazette, appoint.
The detailed notification is given in the document below.
[Notification No.: 16-PLA-2026/36.]
