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[ m « 1-11020/2/2007 ^ ^ r ] I * [MmII—ljqS3(i)] . VTOT^ITRRSr: g|«rcKP| MINISTRY OF HOME AFFAIRS NOTIFICATION New Delhi, the 28th May, 2009 G.S.R. 363(E)-—In exercise of the powers conferred by section 87 of the Punjab Reorganisation Act, 1966 (31 of 1966), the Central Government hereby extends to the Union territory of Chandigarh, the Punjab Value Added Tax (Amendment) Act, 2008 (Punjab Act No. 14 of 2008), as in force in the State of Punjab on the date of publication of this notification, subject to the following modifications, namely:- MODIFICATIONS
1. In sub-section (7) of section 1, after the words and figure "the Punjab Value Added Tax Amendment Act, 2008 ", the words " as extended Jo the Union territory of Chandigarh" shall be inserted.
2. In section 2, after the words and figures " the Punjab Value Added Tax Act, 2005 ", the words, " as extended to the Union territory of Chandigarh " shall be inserted.
3. In sub-section (1) of section 8-A, which is directed to be inserted in the principal Act by Section 3, for the words, "State Government", occurring at both the places, the word "Administrator" shall be substituted.
ANNEXURE THE PUNJAB VALUE ADDED TAX (AMENDMENT) ACT, 2008 (PUNJAB ACT NO. 14 OF 2008) 1 (l)This Act may be called the Punjab Value Added Tax Short title and (Amendment) Act, 2008. Commencement.
(2) It shall come into force at once.
2. In the Punjab Value Added Tax Act, 2005 (hereinafter referred to as Amendment in the principal Act), in section 2, in clause (zg), in the Explanation, after *&**>* 2 o f Punjab item (7), the following item shall be added, namely:- Act 8 of 2005.
"(8) The amount received or receivable by oil companies for the sale of diesel and petrol, shall be deemed to be equivalent to the price, on which the retail outlets will sell these commodities to the consumer".
* I m^^m^m^^mm^^^^ p**n-s*.m.
3 ISS^ZS?after scct,on 8the ,b,iowing -*" ̂ * ltA' • (Pu- N A otwi ths tand i«g anything contained m any p r o t o n of this Act. the State Government, if satisfied that H K necessary or expedient so to do in public interest, may bv notification in the Official Gazette, direct that in respect of any goods or class of goods a person may, at his option pay such lump-sum tax, subject to such conditions, as the State Government may specify in the notification.
(2) In case, a person opts for payment of lump- sum tax, under sub-section (I), he shall not, -
(a) issue VAT invoice for sale of goods made by him and no taxable person, to whom goods are sold by such person, shall be entitled to claim any input tax credit m respect of such sale: and
(b) be entitled to claim any input tax credit and purchase made by him.
shall(hl I ^ r 8 0 " ' W h° h a S ° p t e d u n d e r sub-section (1) shall be at bberty to cancel his option bv making an S S S * ^ d C S i 8 M t e d °ff-r i n « * form, as Zy be Insertion 'of section 8-A Punjab Act 8
2005.
new in of of
4. In the principal Act, in section 19 for <mh-<w>rt;™ /<\ *u c u • .sub.se.tion shal, be substituted ZTy - ̂ ' ^ ^ " ' ° , l 0 ™ « ! £ * * , «Y^ , Punjab Act 8 of ' £ «r ** T f ? Credil- ° n t h e g o o d s ^P^fied in schedule 2°°5- H oi the products manufactured there from, when sold in the course of mter-State trade or commerce, shall be avaUabkonTv «?SKsrSaies iax-chargeab,e -*^ss « a , „ w n i p n t , " g assessment . the words and sign secf l°" 93 of assessment, deemed assessment." shall be substituted'' P™jab Act 8 of
2005.
[F.No. U-11020/2/2007-l,TLj B. BHAMATH1, Jt. Secy.
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