Punjab Goods and Services Tax (Removal of Difficulties) Order, 2019

Apr 08, 2019 | by Avantis RegTech Legal Research Team

The Government of Punjab on March 22, 2019, has passed an Order called as the Punjab Goods and Services Tax (Removal of Difficulties) Order, 2019. This order shall be deemed to have come into force on and with effect from February 01, 2019. 

By this Order, it has been clarified that the value of supply of exempt services by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount, shall not be taken into account- 

(i)for determining the eligibility for composition scheme under second proviso to sub-section (1) of section 10; 

(ii)in computing aggregate turnover in order to determine eligibility for composition scheme. 

[Order No. S.O.28/P.A.5/2017/S.172/2019]

Click here to download the Order.


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