1 Short title and commencement

2 Definitions

3 Commissioner and other officers

4 Constitution of Tribunal

5 Procedure of the Tribunal

6 Incidence of tax

7 Liability of person registered under the Central Sales Tax Act, 1956

8 Rate of Value Added Tax

9 Rate of Turn Over Tax

10 Rounding off of tax

11 Bar against collection of tax when not payable

12 Liability of register Persons

13 Input Tax Credit

14 Input tax credit in respect of stock held on the appointed day

15 Net tax payable by a taxable person

16 Tax free goods

17 Zero-rated sales

18 Refund of tax to certain categories

19 Levy of purchase tax on certain goods

20 Levy of tax on turnover of purchase of goods in certain circumstances

21 Persons liable to register

22 Voluntaryr egistration for VAT

23 Amenment of Registration

24 Cancellation of registration

25 Security from certain classes of persons

26 Returns

27 Tax deduction from the amount payable to works contractor

28 Audit of returns

29 Assessment of tax

30 Provisional Assesment

31 Tax Liability of casual trader

32 Interest for non-payment or delayed payment of tax

33 Due date of payment

34 Tax as a debt due to the State Government

35 Liability under this Act to be the first charge

36 Arrear recoverable as arrears of land revenue

37 Adjustment of any payment

38 Restrictions on transfer of property

39 Refund of tax

40 Interest on delayed refund

41 Power to withhold refund in certain cases

42 Accounts

43 Audit of accounts by Chartered Accountant

44 Period of retention of accounts

45 Taxable person and registered person to issue invoice

46 Production and inspection of accounts, impounding of documents, search of premises and seizure of goods

47 Cross-checking of transaction

48 Survey

49 Power to collect statistics

50 Publication and disclosure of information in public interest

51 Establishment of information collection centres or check posts and inspection of goods in transit

52 Penalty for failure to register

53 Penalty for failure to pay tax when due

54 Penalty for failure to file return or annual statement

55 Penalty for unauthorized collection of tax

56 Penalty for evasion of tax

57 Penalty for failure to issue invoice and use of false invoice

58 Penalty for misuse of registration number

59 Penalty for non-payment of assessed demand

60 Penalty in cases not covered elsewhere

61 Authority competent to impose penalty

62 First appeal

63 Appeal to the Tribunal

64 Condonation of delay

65 Revision

66 Rectification of mistakes

67 Bar on appeal against certain orders

68 Appeal or revision to High Court

69 Returns to be confidential

70 Power to make rules

71 Court fees on Memorandum of appeal and application for revision

72 No time limit for completion of assessment or amended assessment in certain cases

73 Assessee permitted to attend through authorized agent

74 Power to call for information

75 Delegation of powers

76 Information to be furnished regarding change of business

77 Transfer of business

78 Liability to tax on stock in certain cases

79 Liability of partners

80 Liability to pay tax in case of death

81 Certain agents liable to pay tax for sales on behalf of principal

82 Amalgamation of companies

83 Liability in case of company, firm or society in liquidation

84 Provisions in case of inter-state trade

85 Determination of disputed questions

86 Power to seek assistance from police officer or other officer

87 Powers to summon witness and production of records

88 Bar on certain proceedings

89 Indemnity

90 Burden of proof

91 Power to remove difficulties

92 Repeal and saving of Punjab Act 46 of 1948

93 Transitional provisions

94 Repeal of Punjab Ordinance 5 of 2005

Schedule A

Schedule B

Schedule C

Schedule D

Schedule E

Schedule F

Schedule G

Schedule H

SCHEDULE C-1 List of Goods Taxable @ 4%

ORDER