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<h1>Punjab GST Ordinance 2018 Updates Definitions, Tax Calculations, Input Credit, and Registration to Align with National Reforms.</h1> The Punjab Goods and Services Tax (Amendment) Ordinance, 2018, promulgated by the Governor of Punjab, amends the Punjab Goods and Services Tax Act, 2017. Key amendments include changes to definitions, the introduction of new sections, and modifications to existing provisions regarding tax calculations, input tax credit, and registration requirements. The ordinance also addresses procedural aspects such as the furnishing of returns, tax payment, and input tax credit utilization. It introduces new categories and conditions for tax exemptions and clarifies the applicability of certain provisions. The ordinance aims to align state tax regulations with national GST reforms and improve tax administration.