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by a foreign exchange dealer or exchange company or money changer classifiable under heading 9813.9000 and 9819.2000 is withdrawn. These services will no more be subject to sales tax under the Pinjab Sales Tax on Services Act, 2011.