Punjab Goods and Services Tax (Amendment) Act, 2025.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ndia, as follows:- Short title and commencement 1. (1) This Act may be called the Punjab Goods and Services Tax (Amendment) Act, 2025.    (2) Save as otherwise provided, the provisions of this Act shall come into force on such date as the Government of Punjab may, by notification in the Official Gazette, appoint: Provided that different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision. Amendment in section 2 of Punjab Act 5 of 2017. 2. In the Punjab Goods and Services Tax Act, 2017 (hereinafter referred to as the principal Act), in section 2,- (i)....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s a digital stamp, digital mark or any other similar marking, which is unique, secure and nonremovable;'. Amendment in section 12 of Punjab Act 5 of 2017. 3. In the principal Act, in section 12, sub-section (4) shall be omitted. Amendment in section 13 of Punjab Act 5 of 2017. 4. In the principal Act, in section 13, sub-section (4) shall be omitted. Amendment in section 17 of Punjab Act 5 of 2017. 5. In the principal Act, in section 17, in sub-section (5), in clause (d),- (i) for the words "plant or machinery", the words "plant and machinery" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of July, 2017; and (ii) the Explanation shall be numbered as Explanati....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

...., has not been reversed by the recipient, where such recipient is a registered person; or (ii) incidence of tax on such supply has been passed on to any other person, in other cases.". Amendment in section 38 of Punjab Act 5 of 2017. 8. In the principal Act, in section 38,- (i) in sub-section (1), for the words "an auto-generated statement", the words "a statement" shall be substituted; and (ii) in sub-section (2),- (a) for the words "auto-generated statement under", the words "statement referred in" shall be substituted; (b) in clause (a), at the end, the word "and" shall be omitted; (c) in clause (b), after the words "by the recipient,", the word "including" shall be inserted; an....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....anything contained in this Act, where any person referred to in clause (b) of sub-section (1) of section 148A acts in contravention of the provisions of the said section, he shall, in addition to any penalty under Chapter XV or the provisions of this Chapter, be liable to pay a penalty equal to an amount of one lakh rupees or ten per cent of the tax payable on such goods, whichever is higher.". Insertion of new section 148A in Punjab Act 5 of 2017. 13. In the principal Act, after section 148, the following section shall be inserted, namely:- Track and trace mechanism for certain goods "148A. (1) The Government may, on the recommendations of the Council, by notification, specify,- (a) the goods; (b) person....