Amendment status not verified — confirm the current text below against the official source.
(1) Every proprietor shall be liable to pay tax under this Act, on the Levy of tax amount received by him for luxury, provided in a hotel on daily basis, at such rate, on hotels. aS may be specified by the State Govermment by notification in the Official Gazete, Dut such tax shall not exceed fifteen per cent of the total received amount. PUNJAB GOVT GAZ. (EXTRA), APRIL 1, 2009 65 _ (CHTR 11, 1931 SAKA) Gg) normal rate” means the rate, charged from any user after giving the discounts as per ordinary practice in a hotel or banquet hall, but excluding the cash discount, if any ; (k) “prescribed” means prescribed by rules made under this Act ; (1) “proprietor” means any person, who is an owner or a contractor or a lessee, managing a hotel or a banquet hall, as the case may be, In any capacity, and includes the person, who for the time being, is managing the affairs of such hotel or banquet hall ; (m) “section” means a section of this Act : (n) “State Government” means the Government of the State of Punjab in the Department of Excise and Taxation ; (0) “tax” means the luxury tax, levied and collected under this Act ; and (p) “year” means the financial year.