In:lection2,afterthewordsandfigures..thePunjabValueAddedTaxAct.2005",

In the Punjab Value Added Tax Act, 2005 (hereinafter referred to as the principal Act), in section 2, in clause (zg), in the Explanation, after item (7), the following item shall be added, namely:- "(8) The amount received or receivable by oil companies for the sale of diesel and petrol will be deemed to be equivalent to the price, on which the retail outlet will sell these commodities to the consumer."