Vidhi Codex

Punjab Goods and Services Tax Act

The Punjab Goods &amp

General2017178 sections

This law establishes a comprehensive tax system for the state of Punjab, replacing multiple indirect taxes with a single Goods and Services Tax. It applies to all businesses and individuals involved in the supply of goods and services within the state, including imports and exports. The Act sets rules for registration, tax collection, filing returns, and dispute resolution to ensure a unified tax structure. By streamlining the tax regime, it aims to simplify compliance for traders, boost economic growth, and prevent tax evasion, ultimately creating a more transparent and efficient marketplace for consumers and businesses alike.

Start reading →Read full ActSections
  1. 1. Short title extent and commencement
  2. 2. Definitions
  3. 3. Administration
  4. 4. Appointment of officers
  5. 5. Powers of officers
  6. 6. Authorisation of officers of central tax as proper officer in certain circumstances
  7. 7. Scope of supply
  8. 8. Tax liability on composite and mixed supplies
  9. 9. Levy and collection
  10. 10. Composition levy
  11. 11. Power to grant exemption from tax
  12. 12. Time of supply of goods
  13. 13. Time of supply of services
  14. 14. Change in rate of tax in respect of supply of goods or services
  15. 15. Value of taxable supply
  16. 16. Eligibility and conditions for taking input tax credit.
  17. 17. Apportionment of credit and blocked credits.
  18. 18. Availability of credit in special circumstances.
  19. 19. Taking input tax credit in respect of inputs and capital goods sent for job work.
  20. 20. Manner of distribution of credit by Input Service Distributor.
  21. 21. Manner of recovery of credit distributed in excess.
  22. 22. Persons liable for registration.
  23. 23. Persons not liable for registration.
  24. 24. Compulsory registration in certain cases.
  25. 25. Procedure for registration.
  26. 26. Deemed registration.
  27. 27. Special provisions relating to casual taxable person and non-resident taxable person
  28. 28. Amendment of registration
  29. 29. Cancellation of registration
  30. 30. Revocation of cancellation of registration
  31. 31. Tax invoice
  32. 32. Prohibition of unauthorised collection of tax
  33. 33. Amount of tax to be indicated in tax invoice and other documents.
  34. 34. Credit and debit notes
  35. 35. Accounts and other records
  36. 36. Period of retention of accounts
  37. 37. Furnishing details of outward supplies
  38. 38. Furnishing details of inward supplies
  39. 39. Furnishing of returns
  40. 40. First Return
  41. 41. Claim of input tax credit and provisional acceptance thereof
  42. 42. Matching, reversal and reclaim of input tax credit
  43. 43. Matching, reversal and reclaim of reduction in output tax liability
  44. 44. Annual return
  45. 45. Final return
  46. 46. Notice to return defaulters
  47. 47. Levy of late fee
  48. 48. Goods and services tax practitioners
  49. 49. Payment of tax, interest, penalty and other amounts
  50. 50. Interest on delayed payment of tax
  51. 51. Tax deduction at source
  52. 52. Collection of tax at source
  53. 53. Transfer of input tax credit
  54. 54. Refund of tax.
  55. 55. Refund in certain cases.
  56. 56. Interest on delayed refunds.
  57. 57. Consumer Welfare Fund
  58. 58. Utilisation of Fund
  59. 59. Self-assessment
  60. 60. Provisional assessment
  61. 61. Scrutiny of returns
  62. 62. Assessment of non-filers of returns
  63. 63. Assessment of unregistered persons
  64. 64. Summary assessment in certain special cases
  65. 65. Audit by tax authorities
  66. 66. Special audit
  67. 67. Power of inspection, search and seizure
  68. 68. Inspection of goods in movement
  69. 69. Power to arrest
  70. 70. Power to summon persons to give evidence and produce documents.
  71. 71. Access to business premises.
  72. 72. Officers to assist proper officers.
  73. 73. Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised for any reason other than fraud or any wilful misstatement or suppression of facts.
  74. 74. Determination of tax not paid or short paid or erroneously refunded or input tax credit wrongly availed or utilised by reason of fraud or any wilfulmis-statement or suppression of facts.
  75. 75. General provisions relating to determination of tax
  76. 76. Tax collected but not paid to Government
  77. 77. Tax wrongfully collected and paid to Central Government or State Government
  78. 78. Initiation of recovery proceedings
  79. 79. Recovery of tax
  80. 80. Payment of tax and other amount in instalments
  81. 81. Transfer of property to be void in certain cases
  82. 82. Tax to be first charge on property
  83. 83. Provisional attachment to protect revenue in certain cases
  84. 84. Continuation and validation of certain recovery proceedings
  85. 85. Liability in case of transfer of business.
  86. 86. Liability of agent and principal.
  87. 87. Liability in case of amalgamation or merger of companies.
  88. 88. Liability in case of company in liquidation.
  89. 89. Liability of directors of private company.
  90. 90. Liability of partners of firm to pay tax.
  91. 91. Liability of guardians, trustees etc.
  92. 92. Liability of Court of Wards, etc.
  93. 93. Special provisions regarding liability to pay tax, interest or penalty in certain cases.
  94. 94. Liability in other cases
  95. 95. Definitions
  96. 96. Constitution of Authority for Advance Ruling
  97. 97. Application for advance ruling
  98. 98. Procedure on receipt of application
  99. 99. Constitution of Appellate Authority for Advance Ruling
  100. 100. Appeal to the Appellate Authority
  101. 101. Orders of Appellate Authority
  102. 102. Rectification of advance ruling
  103. 103. Applicability of advance ruling
  104. 104. Advance ruling to be void in certain circumstances.
  105. 105. Powers of Authority and Appellate Authority.
  106. 106. Procedure of Authority and Appellate Authority.
  107. 107. Appeals to Appellate Authority.
  108. 108. Powers of Revisional Authority.
  109. 109. Appellate Tribunal and Benches thereof
  110. 110. President and Members of Appellate Tribunal, their qualification, appointment, conditions of service, etc.
  111. 111. Procedure before Appellate Tribunal
  112. 112. Appeals to Appellate Tribunal
  113. 113. Orders of Appellate Tribunal
  114. 114. Financial and administrative powers of State President
  115. 115. Interest on refund of amount paid for admission of appeal.
  116. 116. Appearance by authorised representative.
  117. 117. Appeal to High Court.
  118. 118. Appeal to Supreme Court.
  119. 119. Sums due to be paid notwithstanding appeal etc.
  120. 120. Definitions
  121. 121. Non appealable decisions and orders.
  122. 122. Penalty for certain offences
  123. 123. Penalty for failure to furnish information return
  124. 124. Fine for failure to furnish statistics
  125. 125. General penalty
  126. 126. General disciplines related to penalty
  127. 127. Power to impose penalty in certain cases
  128. 128. Power to waive penalty or fee or both
  129. 129. Detention, seizure and release of goods and conveyances in transit
  130. 130. Confiscation of goods or conveyances and levy of penalty
  131. 131. Confiscation or penalty not to interfere with other punishments
  132. 132. Punishment for certain offences
  133. 133. Liability of officers and certain other persons
  134. 134. Cognizance of offences
  135. 135. Presumption of culpable mental state
  136. 136. Relevancy of statements under certain circumstances.
  137. 137. Offences by Companies.
  138. 138. Compounding of offences.
  139. 139. Migration of existing tax payers.
  140. 140. Transitional arrangements for input tax credit.
  141. 141. Transitional provisions relating to job work
  142. 142. Miscellaneous transitional provisions
  143. 143. Job work procedure
  144. 144. Presumption as to documents in certain cases
  145. 145. Admissibility of micro films, facsimile copies of documents and computer printouts as documents and as evidence.
  146. 146. Common Portal.
  147. 147. Deemed Exports.
  148. 148. Special procedure for certain processes.
  149. 149. Goods and services tax compliance rating.
  150. 150. Obligation to furnish information return.
  151. 151. Power to collect statistics.
  152. 152. Bar on disclosure of information.
  153. 153. Taking assistance from an expert
  154. 154. Power to take samples
  155. 155. Burden of Proof
  156. 156. Persons deemed to be public servants
  157. 157. Protection of action taken under this Act
  158. 158. Disclosure of information by a public servant
  159. 159. Publication of information in respect of persons in certain cases
  160. 160. Assessment proceedings, etc. not to be invalid on certain grounds
  161. 161. Rectification of errors apparent on the face of record
  162. 162. Bar on jurisdiction of civil courts
  163. 163. Levy of fee
  164. 164. Power of Government to make rules
  165. 165. Power to make regulations
  166. 166. Laying of rules, regulations and notifications
  167. 167. Delegation of powers
  168. 168. Power to issue instructions or directions
  169. 169. Service of notice in certain circumstances
  170. 170. Rounding off of tax etc.
  171. 171. Anti-profiteering Measure
  172. 172. Removal of difficulties
  173. 173. Amendment of certain Acts
  174. 174. Repeal and saving
  175. Schedule I. ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION
  176. Schedule II. ACTIVITIES TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES
  177. Schedule III. ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED NEITHER AS A SUPPLY OF GOODS NOR A SUPPLY OF SERVICES
  178. Table-2. Projections for Financial Year 2017-18 if GST is implement from 1-7-2017

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