« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  I-T exemption may be raised in Budget... CEOs favour FBT abolition in 08-09 Budget: Assocham survey... » Entry tax is adjustable on all items except sugar: Manpreet November, 27th 2007 The Punjab government has clarified that the Entry Tax being levied on all items, except sugar, is aimed at checking evasion of value-added tax (VAT). The tax is fully refundable on all items except sugar, he said, adding that the amount taken in the form of entry tax would be deducted from the amount a trader pays as VAT, State Finance Minister Manpreet Singh Badal told reporters here. "Imposition of Entry Tax on other items, barring sugar, is just shifting of the stage of VAT to evade the alleged large scale tax evasion and ultimately it will be adjusted against VAT, but in case of sugar, new tax was imposed to stop dumping of the same in Punjab from other states," he said. Levying tax on the entry point of the state on iron and steel, chemicals, yarns and sugar at the rate of four per cent similar to VAT would definitely stop the tax evasion and benefit the sugar mills, he said. On generating more sources of revenue for the state, he said that a meeting of the co-ordination committee of both the ruling alliance partners Shiromani Akali Dal (SAD) and BJP would be held on the November 28 to discuss the issue.