Focus on tax base expansion

"63-A Transfer of right or interest relating to an immovable property" that is to say, transfer of a right or interest relating to an immovable property or an acknowledgement of such transfer, by a development authority, housing authority, statutory body, cooperative housing society, company or a developer and every instrument by which a right or interest relating to an immovable property is being transferred, registered, recorded or acknowledged by the authority, body, society, company or developer.

The Bill also carried amendment in the Punjab Entertainment Duty Act 1958, under the heading 'Rate of duty' that words 50 percent of payment for admission shall be substituted by 100 percent or one hundred rupees per admission ticket, whichever is higher.

Another amendment in the Punjab Sales Tax Ordinance II of 2000, the word 15 percent shall be substituted by 16 percent.

However, the tax shall be assessed, collected and recovered in prescribed manner and the government may, within one year, revise an order passed or proceedings conducted under this section and its order shall be final.

This order shall not be challenged before any court or forum except as provided under this section.