Punjab Finance Act 2026: Omission of the Sixth Schedule Fee Entry

Full Article

A business receiving a cotton-related fee demand should identify its legal entry before deciding whether the 2026 omission applies. Different levies and service charges do not disappear merely because one schedule entry is removed.

The verified amendment

Section 4 of Punjab Finance Act 2026 omits the entries in columns 1 to 3 at serial 9 of the Sixth Schedule to Punjab Finance Act 1973. The amendment is effective from 1 July 2026 under the Act's commencement provision.

Why the original demand matters

Match the demand's charging provision and period to the omitted entry. The amendment page does not reproduce the former entry's complete description, so this guide does not extend the omission to every cotton-sector payment.

Existing amounts and credits

Retain the demand, challans and period breakdown. Earlier liabilities, refunds and any replacement charge need their own authority. Ask the collecting office for the current legal basis if a post-commencement demand still cites the omitted entry. Do not offset an assumed refund against an unrelated tax without support.

Source and scope

Punjab Gazette, Act L of 2026 (1 July 2026), scanned copy hosted by ConSerIC, PDF pages 2-2. Text reviewed on 14 October 2026. This explains the enacted amendment; a notification-dependent procedure must be checked separately before use.