201509.09
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Punjab sales tax on inter-city transportation held in abeyance

Vide Circular No.2 of 2015 dated 01.09.2015, Punjab sales tax on the services provided by persons engaged in inter-city carriage of goods by rail or road (S.No.48) has been held in abeyance to the extent of transportation of oil through oil tankers and transportation of goods by informal non-corporate transporters of goods operating through “truck…

201508.22
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REDUCED RATE OF SALES TAX ON SERVICES PROVIDED BY CATERERS

Punjab Revenue Authority vide its Notification No. PRA/Caterers.21/2012 dated 25.11.2013 has partially exempted services of standalone caterers, now these services will be chargeable to sales tax @ 5% w.e.f. July-2012 subject to the condition that arears shall be paid within one month of this notification. This notification however, will not be applicable on such supplies…

201508.22
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Amendment in the Punjab Sales Tax on Services (Definitions) Rules, 2012 vide Notification No. PRA/Orders.06/2012 dated 03.01.2014:

Punjab Revenue Authority vide its Notification No. PRA/Orders.06/2012 dated 03.01.2014 has inserted Rule (4A) in the Punjab Sales Tax on Services (Definitions) Rules, 2012 which states that if any service(s) is mentioned in the definition of any taxable service and has also been defined separately in the said Rules, such service shall be liable to…

201508.22
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Withdrawal of Sales Tax on Services of Money Changer / Foreign Exchange Dealers

Government of Punjab vide its Notification No. SO(TAX)1-1/2013-14 dated 13.05.2014 has made an amendment in the Second Schedule (Taxable Services) of the Punjab Sales Tax on Services Act, 2012.  Through this amendment sales tax @16% levied on services provided by a foreign exchange dealer or exchange company or money changer classifiable under heading 9813.9000 and…

201508.22
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Proposed Changes in the Punjab Sales Tax on Services Act, 2011 through The Punjab Finance Bill, 2014

PROPOSED CHANGES IN THE PUNJAB SALES TAX ON SERVICES ACT, 2012  THROUGH FINANCE BILL 2014-15  Section 2        Definitions In clause (29) “Person”, an amendment has been made and now ‘Association of person (AOP) ” is proposed to be included in the definition of ‘person’ In clause (38) Service or services, an amendment has been made…

201508.22
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Issuance of Punjab Sales Tax on Services (Withholding) Rules, 2015

Punjab Revenue Authority has issued new withholding rules. By virtue of new rules certain features have been changed including withholding agents. These changes are as under: 1- Following persons are also declared as withholding agent in addition to earlier categories: a- All companies b- Registered persons receiving taxable services from unregistered persons. 2- Insurance services…

201508.22
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Proposed Budgetary Changes in Islamabad Capital Territory (Tax on Services)

Schedule of taxable services has been revised to make the same at par with the sales tax levied on such services under the respective sales tax on services regimes. The new Schedule is as under: S. No. Description PCT Heading, if applicable Rate of Tax (1) (2) (3) (4) 1 Services provided or rendered by…

201508.22
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SRO No.SO(TAX)101/2014-15 (Vol-I) dated 28.05.2015 — PRA

The following changes have been made by Punjab Revenue Authority in the taxation regime of services:- 1)                Vide S.No.6 of the Second Schedule to the Punjab Sales Tax on Services Act, 2012, internet services were exempt from sales tax. These have now been subjected to sales tax vide SRO No.SO(TAX)101/2014-15 (Vol-I) dated 28.05.2015, except the…