Chandigarh, Sept. 30 -- The Punjab assembly on Monday unanimously passed the Punjab Goods and Services Tax (Amendment) Bill, 2025.

Finance minister Harpal Singh Cheema, who tabled the bill, said the legislation proposed to ensure uniformity with the provisions of the Central Goods and Services Tax Act, 2017, as recently amended by the Finance Act, 2025.

The provisions include redefining "Input Service Distributor" (ISD) to cover distribution of Input Tax Credit (ITC) for inter-state supplies on a reverse charge basis.

They also introduce "unique identification marking" for certain goods under a track-and-trace mechanism, along with a penalty of Rs.1 lakh or 10% of the tax payable, whichever is higher, for non-compliance. For appeals in...