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TMI BlogPunjab Goods and Services Tax (Amendment) Act, 2021X X X X Extracts X X X X X X X X Extracts X X X X ..... ear of the Republic of India as follows:- Short title and Commencement. 1. (1) This Act may be called the Punjab Goods and Services Tax (Amendment) Act, 2021. (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 7 of Punjab Act 5 of 2017. 2. In the Punjab Goods and Services Tax Act, 2017 (hereinafter referred to as the principal Act), in secti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing section shall be substituted, namely: Annual return 44. Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person shall furnish an annual return which may include a self-certified reconciliation statement, reconciling the value of supplies declared in the return furnished for the financial year, with the audited annual financial statement for every financial year electronically, within such time and in such form and in such manner as may be prescribed: Provided that the Commissioner may, on the recommendations of the Council, by notification, exempt any class of registered persons from filing annual return ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ollowing Explanation shall be inserted, namely: Explanation. For the purposes of this sub-section, the expression self-assessed tax shall include the tax payable in respect of details of outward supplies furnished under section 37, but not included in the return furnished under section 39. . Amendment in section 83 of Punjab Act 5 of 2017. 9. In the principal Act, in section 83, for sub-section (1), the following subsection shall be substituted, namely: (1) Where, after the initiation of any proceeding under Chapter XII, Chapter XIV or Chapter XV, the Commissioner is of the opinion that for the purpose of protecting the interest of the Government revenue, it is necessary so to do, he may, by order in writing, attac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... itted; (iii) for sub-section (3), the following sub-section shall be substituted, namely: (3) The proper officer detaining or seizing goods or conveyance shall issue a notice within seven days of such detention or seizure, specifying the penalty payable, and thereafter, pass an order within a period of seven days from the date of service of such notice, for payment of penalty under clause(a) or clause (b) of sub-section (1). ; (iv) in sub-section (4), for the words No tax, interest or penalty , the words No penalty shall be substituted; (v) for sub-section (6), the following sub-section shall be substituted, namely: (6) Where the person transporting any goods or the owner of such goods fails to pay the amount of pena ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ay, by an order, direct any person to furnish information relating to any matter dealt with in connection with this Act, within such time, in such form, and in such manner, as may be specified therein. . Amendment in section 152 of Punjab Act 5 of 2017. 14. In the principal Act, in section 152, (a) in sub-section (1), (i) the words of any individual return or part thereof shall be omitted; (ii) after the words any proceedings under this Act , the words without giving an opportunity of being heard to the person concerned shall be inserted; (b) sub-section (2) shall be omitted. Amendment in Schedule-II of Punjab Act 5 of 2017 15. In the principal Act, in Schedule II, paragraph 7 shall be omitted and shall ..... X X X X Extracts X X X X X X X X Extracts X X X X
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