Document Date: 22-Dec-2011





The 22nd December, 2011

No.G.S.R.94/P.A.8/2005/S. 92/Amd. (34)/2011. -In pursuance of the provisions of clause (a) of sub-section (3) of section 92 of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to make the following rules further to amend the Punjab General Sales Tax (Deferment and Exemption) Rules, 1991, namely:-


1. (1) These rules may be called the Punjab General Sales Tax (Deferment and Exemption) (First Amendment) Rules, 2011.

(2) They shall come into force on and with effect from the date of their publication in the Official Gazette.

2. In the Punjab General Sales Tax (Deferment and Exemption) Rules, 1991, in rule 4-B, in sub rule (1), after clause (if), the following clause shall be added, namely:-

“(ig). The Guru Gobind Singh Refinery project of M/s HPCL Mittal Energy Limited (HMEL) formally known as Guru Gobind Singh Refineries Ltd. in Bathinda district and the goods produced by the said project, shall be eligible for the grant of benefit of deferment from the liability to pay tax under the Central Sales Tax Act, 1956 for a period of fifteen years, commencing from the date of commercial production, subject to the condition that the total amount of central sales tax so deferred shall not exceed three hundred percent of their fixed capital investment and further subject to the grant of eligibility certificate by the Department of Industries, Government of Punjab. The amount of Central Sales Tax so deferred shall be repaid back to the Government of Punjab by this unit thereafter in thirty half-yearly installments starting from the 16th year from the date of commencement of commercial production:

Provided that the limit of three hundred percent of capital investment shall be calculated after deducting the interest free loan amount actually paid by the Government of Punjab. The deferment of central sales tax shall be available only till the central sales tax is leviable. However, in case central sales tax is replaced by any inter-state levy in the nature of inter-state turn over tax, purchase tax or such other tax leviable on goods sold inter-state or dispatched outside the State of Punjab, the deferment shall be available for such taxes.”


Secretary to Government of Punjab,

Department of Excise and Taxation.

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