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Section 46: L.i>tbilfty of p..r",}n~ In case of WQli<5 cornract

Sub-section (1) of Section 70 of the Punjab Value Added Tax , Rules 2006Union territory Rules of Chandigarh · 2005

(1) to. ~arSo 1 er:lp-ri'l9 ~;""t~jn21.

into ". D:Jn1'Hd '/iltf' <3 cor-tractor c·r .. r,ontr""tur cntcr.11g into ~ r.onlr.cl .IILh " • uLJ· WI: ~ uctor for.rran:>!er of prop"r,y in gooos ~n e~eeution of 1.1 ....."rl<~ ,;un LraCl. <;1><11. Iwni"" .

t:) he C:or"nis~"ncr Or t11(l ,jCBi(lnt'tt~.,.,rtir"r, pariir;UIf<r.; til ~lJ.d· contrfld in rmnl \/AT- ;>[i wi ~,ir, <l porlDd cf mirty dav" tmm 1h,~ dil"" (If ~mCirng irto f.llch ,:".n ~"d {2:, ,\ pe f~on ·en~p.r. n\l "':0 ., COfltr<lct wit~ a o::;Ti~r(id>:.,r "r iJ cor.tf<JClor e 1'f,'~ n9 irrto a O<lntrHnt "i;t, ii .UU'c<l<1:t<lC10r ft:>r r;anmF,T I>t proPErt~ In gOOOG for e~e~l!hnn d ., \'Ior'." ~Uf)lfoci. who is aisC' !iable f.,... dooudiun or tux, GI1:l<1I witrin fl ""rion f)f thir.y (]i:l~S LJr uvctuing h~ li::tbility ta dp.d "ct 111(; tax. 'Jl3ke ~n elp~)icatior., nor" ~P~Le In ~II r~~e.ct» to the c1esin~ij~ "rtit:Cr l.-l Form VAT-?ii, fnr ~JiDIr'rI";11 of L~~ dedlJc:ic;n numh",- I he ~"si'~n;;'Led of)eer shall alilJt tOIl< rf"j.Jdiun "crr[):y to 1\1e persoro oonr;arn.,d withb (J PC~()C of Gelien jMY~ fr<ltrl L~ rece;pl of ;he app·ic!rlinn.

(~) ....1'" .,,, <Icduc!ed under the Ar..t, r.h.'1 be d"P"S iLed u~' !h<l per~on d":t",,ting the l<Jx ;hrouiJ~ ~ ch"llL<ln in Fnr1TlYAf-21n (I~e ()ppro~riate Gr-Vp.mrrElll l=~ulY vmtli~ ..

a period (If M""n d"l'S frcm the dose of each fIlnntl1.

(4} A mIJ·1thl'l s18t~rn..nt ,If IllG dcpoGits made un.:ler !iLJh-nJI" (S}, shi311 t>e (~rnd)c<l by the ;1erst>r." .f,(Jl'lf£mDd In :=\)'m VAT·'ll ",j(lnljwiLh Lh€ proof of paym~~t .....ilmn iI periud or fiftcon d<l~'S att~r thp. dirt. Dt d,,~s·L. .

(5; The r-erson ct",r'lImir,!~ 1'18 L~x .•hilll ·~sue a certifiCate "I .'Jct1 tax deduction <3t S""rce in =nrm ··JAT -20. which shdl ~n@e h" rontradur \0 c10ir.1 creo it 'or SIleh f:.m:)lJ °lL in L~ll) return.

ASSESSMEfIIT OF TAX L11tB!LrTY

Where this provision sits

ActSub-section (1) of Section 70 of the Punjab Value Added Tax , Rules 2006
Section46
Marginal noteL.i>tbilfty of p..r",}n~ In case of WQli<5 cornract
JurisdictionUnion territory of Chandigarh
StatusIn force as published by the source

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