PSSSB Excise Inspector cheat sheet

Punjab Excise Act, 1914 is the principal state statute for manufacture, possession, transport, import/export, sale and consumption of intoxicating liquor and other excisable intoxicants; the Punjab Excise Rules, 1956 supply detailed licensing and enforcement procedure.

State excise duty is charged at the manufacture/production stage (distillery or brewery); retail licence fee, permit fee and label registration fee are separate charges.

Alcoholic liquor for human consumption is constitutionally outside GST, so Punjab continues to levy state excise duty and licence-based controls on it.

The Punjab Excise Policy is notified annually and fixes duty rates, licence categories and fees, quotas, vending arrangements and conditions for the financial year.

Common licence categories cover country liquor, IMFL, beer and wine; import, transport and sale require permits and label registration as prescribed.

Breach of licence conditions can lead to suspension or cancellation, seizure and confiscation of stock, fine, imprisonment and departmental compounding where the law permits.

Excise inspectors may inspect licensed premises, verify stocks and accounts, seize non-duty-paid or contraband liquor, draw samples and report to the competent excise authority.

Excise revenue includes duty, licence fee, permit fee, label registration fee, penalty and proceeds of confiscation; the Excise and Taxation Commissioner heads the state excise administration.

GST rests on the 101st Constitutional Amendment Act, 2016; Article 246A gives concurrent taxing power and Article 279A creates the GST Council.

GST was launched on 1 July 2017 as a destination-based tax: intra-state supplies attract CGST plus SGST/UTGST, while inter-state supplies and imports attract IGST.

Alcoholic liquor for human consumption is excluded from GST; petroleum crude, petrol, high-speed diesel, natural gas and aviation turbine fuel are within the GST definition but currently outside levy.

VAT was a state-level multi-stage tax on sale of goods with input tax credit; GST subsumed VAT on most goods, but VAT/excise continue on items outside GST.

Central excise is a tax on manufacture; after GST it survives mainly on specified petroleum products and tobacco products, in addition to GST where notified.

Input Tax Credit allows a registered person to set off GST on business inputs and input services against output GST, subject to invoice, receipt and non-blocked credit conditions.

The composition scheme lets small taxpayers pay a flat percentage of turnover without input tax credit; eligibility thresholds and rates depend on the category.

GST registration is generally required above ₹40 lakh aggregate turnover for goods and ₹20 lakh for services; special-category states have ₹20 lakh and ₹10 lakh thresholds.

The G20 New Delhi Summit was held on 9-10 September 2023; India held the presidency and handed over to Brazil.

Chandrayaan-3's Vikram lander soft-landed near the lunar south pole on 23 August 2023; India became the fourth country to soft-land on the Moon.

The 2024 Lok Sabha election was held in seven phases; the BJP-led NDA formed the government with Narendra Modi as Prime Minister for a third term.

The WTO was established on 1 January 1995, succeeding GATT; it administers trade agreements and has its headquarters in Geneva.

The UN headquarters is in New York; its six principal organs are the General Assembly, Security Council, ECOSOC, ICJ, Secretariat and the suspended Trusteeship Council.

The Nobel Peace Prize is awarded in Oslo, while the other Nobel Prizes are awarded in Stockholm; economics is the sixth category added in 1968.

India's GST was introduced on 1 July 2017 by the 101st Constitutional Amendment; the GST Council is chaired by the Union Finance Minister.

The Reserve Bank of India regulates monetary policy and currency; its headquarters is in Mumbai and it was established in 1935.

Punjab's capital is Chandigarh, a Union Territory shared with Haryana; the state has 23 districts and Punjabi is its official language.

Punjab borders Pakistan to the west, Haryana to the south and east, Himachal Pradesh to the north-east, Rajasthan to the south and Chandigarh UT.

Major rivers are the Sutlej, Beas and Ravi; the Ghaggar is seasonal. The Indus Waters Treaty, 1960 allocates the eastern rivers to India.

Bhakra Dam is on the Sutlej; Ranjit Sagar Dam is on the Ravi; Harike Wetland lies at the Beas-Sutlej confluence.

Ropar/Rupnagar is a Harappan site; the Anglo-Sikh Wars followed Maharaja Ranjit Singh's death; the Jallianwala Bagh massacre occurred on 13 April 1919.

The Partition of 1947 divided Punjab; the Punjabi Suba reorganisation of 1966 created Punjab, Haryana and Chandigarh as a UT.

Bhangra and Giddha are major folk dances; Baisakhi, Lohri and Hola Mohalla are prominent festivals; Punjabi is a tonal language.

Punjab has 117 Assembly seats, 13 Lok Sabha seats and 7 Rajya Sabha seats; the Punjab and Haryana High Court is at Chandigarh.

Subject-verb agreement: a singular subject takes a singular verb and a plural subject takes a plural verb; phrases between subject and verb do not change the verb's number.

Articles: use a before a consonant sound, an before a vowel sound and the for a definite, specific or unique noun.

Tenses: present perfect shows a past action with present relevance; past perfect shows the earlier of two past actions.

Prepositions: use since with a point of time and for with duration; between is for two items and among for more than two.

Active to passive: make the object the subject, add a form of be plus past participle, and place the original subject after by or omit it.

Direct to indirect speech: change pronouns, tense and time/place words; use that for statements and whether/if for yes-no questions.

Error rule: double comparatives such as more better are wrong; use better. Use fewer with countable plurals and less with uncountables.

Reading comprehension: identify the main idea, tone and inference; every answer must be supported by the passage, not by outside knowledge.

Vocabulary: synonyms, antonyms, one-word substitutions and idioms are decided by context; eliminate options that change the sentence's register or meaning.

Gurmukhi is written left to right; it has 35 primary consonants (Penti) and uses vowel signs, bindi/tippi for nasalisation and addhak for consonant doubling.

Punjabi is a tonal language with high, mid and low tones; the letter ਹ and certain consonant combinations help mark tone.

Standard Punjabi sentence order is subject-object-verb; postpositions follow the noun and adjectives precede the noun.

Punjabi nouns have two genders (masculine/feminine) and two numbers (singular/plural); gender and number control adjective and verb agreement.

The direct case is used for the subject; oblique case forms appear before postpositions such as ਨੇ, ਨੂੰ, ਤੋਂ, ਵਿੱਚ, ਉੱਤੇ and ਦਾ/ਦੀ/ਦੇ.

ਸੰਧੀ joins two sounds or words; ਸਮਾਸ forms a compound; ਉਪਸਰਗ is a prefix and ਪਿਛੇਤਰ is a suffix.

ਬਿੰਦੀ (ਂ) and ਟਿੱਪੀ (ੰ) mark nasalisation; ਅੱਧਕ (ੱ) doubles the following consonant and can change meaning.

Guru Granth Sahib is written in Gurmukhi; Guru Angad Dev is traditionally credited with popularising the script, and Bhai Gurdas wrote in it.

Percentage: x% of N = xN/100; percentage change = (new value - old value) / old value × 100.

Profit and loss: profit% = (SP - CP)/CP × 100; loss% = (CP - SP)/CP × 100; discount% = (MP - SP)/MP × 100.

Simple interest = PRT/100; compound interest = P(1 + R/100)^T - P; for half-yearly compounding halve the rate and double the time.

Average = sum of values/number of values; weighted average = Σwx/Σw.

Time and work: if A finishes in a days, A's one-day work is 1/a; combined rate is the sum of individual rates.

Speed: distance = speed × time; relative speed is the sum for opposite directions and the positive difference for the same direction.

Ratio and proportion: if a:b = c:d then ad = bc; to divide an amount in a given ratio, multiply the total by each part over the sum of parts.

Permutations: nPr = n!/(n-r)!; combinations: nCr = n!/[r!(n-r)!]; probability = favourable outcomes/total outcomes.

Syllogism: use Venn diagrams; all A are B and all B are C implies all A are C, while some A are B does not imply all A are B.