THE PUNJAB VALUE ADDED TAX ACT, 2005 Notification
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Body NOTIFICATION No. S.O.40 /P.A.8/2005/S.8/2024.- Dated 5th September, 2024

Whereas the State Government is satisfied that circumstances exist, which render it necessary to take immediate action in public interest.

Now, therefore, in exercise of the powers conferred by sub-section (3) of section 8 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and all other powers enabling him in his behalf, the Governor of Punjab is pleased to make the following amendment in Schedule "E" appended to the said Act, with effect from the 5th September, 2024 (midnight of 5th and 6th September, 2024), by dispensing with the condition of previous notice, namely:-

AMENDMENT

In the said Schedule "E", for serial numbers 1 and 2 and the entries relating thereto, the following shall be substituted, namely:-

"1. Diesel other than premium diesel	13.10 percent or rupees 10.94 per litre, whichever is greater
2. Petrol	16.58 percent or rupees 14.93 per litre, whichever is greater:

Provided that additional tax at the rate of 10% as specified in section 8-B of the Punjab Value Added Tax Act, 2005 shall be added in ad valorem rates only. Fixed rates specified above are already inclusive of additional tax at the rate of 10% as specified in section 8-B of the Punjab Value Added Tax Act, 2005."

VIKAS PRATAP,

Additional Chief Secretary- cum-

Financial Commissioner (Taxation)

to Government of Punjab,

Department of Excise and Taxation.