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 other 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, is pleased tomake 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, 2017namely:-
AMENDMENT
In the said notification, -
(i) in the Table, -
(a) after serial number 21A and the entries relating thereto, the following serial number and entries shall be inserted, namely: -
(a) a Department or Establishment of the Central Government or State Government or Union territory; or
(b) local authority; or
(c) Governmental agencies,
which has taken registration under the Punjab Goods and Services Tax Act, 2017 (Punjab Act No. 05 of 2017) only for the purpose of deducting tax under Section 51 and not for making a taxable supply of goods or services.
(b) after serial number 27 and the entries relating thereto, the following serial number and entries shall be inserted, namely: -
(c) against serial number 34A, in the entry in column (3),after the letters and words "PSUs from the", the words "banking companies and" shall be inserted;
(d) against serial number 66, for the entry in column (2), the following entry shall be substituted namely: -
"Heading 9992 or Heading 9963";
(e) serial number 67 and the entries relating thereto, shall be omitted;
(f) after serial number 74 and the entries relating thereto, the following serial number and entries shall be inserted, namely: -
(ii) in paragraph 2, after clause (za), the following clause shall be inserted, namely: -
"(zaa) "financial institution" has the same meaning as assigned to it in clause (c) of section 45-I of the Reserve Bank of India Act,1934(2 of 1934).".
2. This notification shall be deemed to have come into force on the 1st day of January, 2019.
M.P. SINGH,
Additional Chief Secretary-cum-
Financial Commissioner
(Taxation) to Government of Punjab,
Department of Excise and Taxation.