Compfie | Amended notification of the Punjab Goods and Services Tax (Fourth Amendment) Rules, 2021 (dated – 14.07.2021)

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Amended notification of the Punjab Goods and Services Tax (Fourth Amendment) Rules, 2021 (dated – 14.07.2021) – Govt. of Punjab

This notification has come into force on and with effect from 1st day of April, 2020.
In the Punjab Goods and Services Tax Rules, 2017, in rule 7, for the Table, the following Table shall be substituted.
Sub-sections (1) and (2) – Manufacturers, other than manufacturers of such goods as may be notified by the Government – half per cent. Of the turnover in the State.
Sub-sections (1) and (2) of section 10 -Suppliers making supplies referred to in clause (b) of paragraph 6 of Schedule II -two and a half per cent. Of the turnover in the State.
Sub-sections (1) and (2) of section 10 – Any other supplier eligible for composition levy under sub-sections (1) and (2) of section 10 -half per cent. Of the turnover of taxable supplies of goods and services in the State.
Sub-section (2A) of section 10 -Registered persons not eligible under the composition levy under sub-sections (1) and (2),but eligible to opt to pay tax under sub-section (2A) of section 10 -three per cent. Of the turnover of supplies of goods and services in the State.’’.