In exercise of the powers conferred by sub-section (1) of section 11 of the Punjab Goods and Services Tax Act, 2017 (Punjab Act No.5 of 2017), and all powers enabling him in this behalf, the Governor of Punjab, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, on and with effect from 25 th January, 2018, is pleased to make the following amendment in the Government of Punjab, Department of Excise and Taxation, Notification No. S.O.37/P.A.5/ 2017/S.11/2017 dated the 30th June, 2017 published in the Punjab Government Gazette, (Extraordinary), Part III, dated the 30th June, 2017, namely:-
AMENDMENT
In the said notification, in the Table, -
(a) against serial number 3, in the entry under column (3), after the words "a Governmental Authority" the words " or a Government Entity" shall be inserted;
(b) after serial number 3 and the entries relating thereto, the following serial number and entries shall be inserted, namely: -
(c) against serial number 16, in the entry under column (3), for the words "one year", the words "three years" shall be substituted;
(d) after serial number 19 and the entries relating thereto, the following serial number and entries shall be inserted, namely: -
(e) against serial number 22, in the entry under column (3), after item (b), the following item shall be inserted, namely: -
"(c) motor vehicle for transport of students, faculty and staff, to a person providing services of transportation of students, faculty and staff to an educational institution providing services by way of pre-school education and education upto higher secondary school or equivalent.";
(f) after serial number 29 and the entries relating thereto, the following serial number and entries shall be inserted, namely: -
(g) against serial number 36, in the entry under column (3), in item (c), for the words "fifty thousand", the words "two lakhs" shall be substituted;
(h) after serial number 36 and the entries relating thereto, the following serial number and entries shall be inserted, namely: -
(i) after serial number 39 and the entries relating thereto, the following serial number and entries shall be inserted, namely: -
Explanation.- For the purposes of this entry, the intermediary of financial services in IFSC is a person,-
(i) who is permitted or recognised as such by the Government of India or any Regulator appointed for regulation of IFSC;or
(ii) who is treated as a person resident outside India under the Foreign Exchange Management (International Financial Services Centre) Regulations, 2015; or
(iii) who is registered under the Insurance Regulatory and Development Authority of India (International Financial Service Centre) Guidelines, 2015 as IFSC Insurance Office; or
(iv) who is permitted as such by Securities and Exchange Board of India (SEBI)under the Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015.
(j) against serial number 45, in the entry under column (3),-
(i) in item (a), after sub-item (ii), the following sub-item shall be inserted, namely:-
"(iii) the Central Government, State Government, Union territory, local authority, Governmental Authority or Government Entity;";
(ii) in item (b), after sub-item (iii), the following sub-item shall be inserted, namely:-
"(iv) the Central Government, State Government, Union territory, local authority, Governmental Authority or Government Entity;";
(iii) in item (c), after sub-item (ii), the following sub-item shall be inserted, namely:-
"(iii) the Central Government, State Government, Union territory, local authority, Governmental Authority or Government Entity.";
(k) after serial number 53 and the entries relating thereto, the following serial number and entries shall be inserted, namely: -
(l) against serial number 54, in the entry under column (3), after item (g), the following item shall be inserted, namely:-
"(h) services by way of fumigation in a warehouse of agricultural produce.";
(m) against serial number 60, in the entry under column (3), the words "the Ministry of External Affairs," shall be omitted;
(n) after serial number 65 and the entries relating thereto, the following serial number and entries shall be inserted, namely: -
(o) against serial number 66, in the entry under column (3),-
(i) after item (a), the following item shall be inserted, namely:-
"(aa) by an educational institution by way of conduct of entrance examination against consideration in the form of entrance fee;";
(ii) in item (b),-
(A) in sub-item (iv), the words "upto higher secondary" shall be omitted;
(B) after sub-item (iv), the following sub-item shall be inserted, namely:-"(v) supply of online educational journals or periodicals:";
(C) in the proviso, for the word, brackets and letter "entry (b)", the words, brackets and letters "sub-items (i), (ii) and (iii)of item (b)" shall be substituted;
(D) after the proviso, the following proviso shall be inserted, namely:-"Provided further that nothing contained in sub-item (v) of item (b) shall apply to an institution providing services by way of,-
(i) pre-school education and education up to higher secondary school or equivalent; or
(ii) education as a part of an approved vocational education course.";
(p) against serial number 77, in the entry under column (3), in item (c), for the words "five thousand", the words "seven thousand five hundred" shall be substituted;
(q) against serial number 81, for the entry under column (3), the following entry shall be substituted, namely: -
"Services by way of right to admission to-
(a) circus, dance, or theatrical performance including drama or ballet;
(b) award function, concert, pageant, musical performance or any sporting event other than a recognised sporting event;
(c) recognised sporting event;
(d) planetarium,
where the consideration for right to admission to the events or placesas referred to in items (a), (b), (c) or (d) above is not more than Rs 500 per person.".
M.P. SINGH,
Additional Chief Secretary-cum-
Financial Commissioner (Taxation) to
Government of Punjab,
Department of Excise and Taxation.