Amid protest by traders, Punjab government today slashed the number of commodities to be covered under its anti-tax evasion measure e-Trip to six. E-Trip (Transportation Information within Punjab) system will now cover only cotton, sarson (mustard), plywood, iron & steel (excluding scrap), yarn and vegetable oil (edible and non-edible). "The e-Trip scheme will not be applicable on all the commodities," Punjab Excise and Taxation Commissioner Anurag Verma said, adding it will be applicable only on six commodities. Verma said any dealer selling these goods within the state will be required to submit information regarding the transaction on the website of the department before physical movement of the goods. However, transactions below Rs 50,000 will be exempt, he said. "We decided to select only those items to be covered in e-Trip where maximum tax evasion was there. The main advantage of this system is to keep a check on bogus billing which lead to evasion," he said. After Punjab Assembly passed Punjab Value Added Tax (Amendment) Bill 2013 in March this year, E-Trip system was introduced to record the intrastate transactions which would help in curb the incidents of tax evasion, aiming to generate additional revenue of Rs 200-300 crore per annum. The person-incharge of the goods shall carry along with him electronic receipt bearing unique number allotted to such person while submitting the information on the website of the Department, he said. Moreover, any dealer sending iron & steel, hosiery & readymade garments, pipes of all kinds like MS Pipe, GI Pipes, ERW Pipes, Plastic Pipes etc., rice and nut-bolt/fasteners outside the state will be required to furnish information regarding the same before the physical movement of goods starts, he said. Rule 64-B has been added to Punjab VAT Rules in this regard, Verma added. Verma added that during this week, the Excise & Taxation officials have been directed to conduct checking in the field, but not to impose penalties. The basic purpose is to make the traders aware about the new provisions. After that, any violation of the provisions of the Act or Rules will attract penalty under Section 51 of the Punjab VAT Act, he said. Notably traders have been criticising the e-trip system, saying that it is a time consuming and their data can be compromised. Dear Member E-Trip has been reduce fro 2 lacs to Rs.50000/- from tomorrow 18.07.2013
Posted on: Thu, 18 Jul 2013 14:28:25 +0000
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