(1) With effect from the commencement of this Act, every person within the urban areas in the State of Punjab shall be liable to pay additional cess under this Act on goods as specified in the Schedule.
(2) The additional cess shall be payable at such rates as specified in respect of goods as described in the Schedule.
(3) Subject to the provisions of this Act and the rules made thereunder, the authorities for the time being empowered to assess, reassess, collect and enforce payment of cess under the Punjab Value Added Tax Act, 2005, shall, on behalf of the Committee, assess, reassess, collect and enforce payment of additional cess, including any interest or penalty, payable by a person under this Act, as if such additional cess or penalty or interest, payable under the Punjab Value Added Tax Act, 2005 and for this purpose, the aforesaid authorities may exercise all or any of the powers, exercisable by them under the Punjab Value Added Tax Act, 2005 and the rules framed there under and the provisions of the Punjab Value Added Tax Act, 2005 relating to the returns, Officers and employees of the Committee.
Sources of Fund.
PUNJAB GOVT. GAZ. (EXTRA), SEPTEMBER 17, 2019 (BHDR 26, 1941 SAKA) 136 Constitution of the Fund.
provisional assessment, assessment, reassessment, rectification, review advance payment of tax, registration of transferee of any business, imposition of the tax liability, carrying on the business of the transfer of successor to such business, transfer of any liability of any firm or dissolution of firm, recovery of tax from third parties, appeals, reviews, revisions, rectifications, references, refunds, rebates, interest or penalty, charging or payment of interest, compounding of offences and treatment of documents, furnished by a person as confidential, shall apply accordingly.
(4) Subject to other provisions of this Act and the rules made there under, the authorities for the time being empowered to assess, reassess, collect and enforce payment of cess on final price of auctioned vehicle number plate under the Motor Vehicle Act, 1988, shall, on behalf of the Committee, assess, reassess, collect and enforce payment of additional cess as specified in the Schedule.
(5) The additional cess collected under sub-sections (3) and (4), shall be credited to the Fund, within such period as may be prescribed.