The Lahore High Court has issued a stay order against the recovery of provincial sales tax on services provided by Practitioners and consultants (9815.2000), Corporate Consultants (9850.0000) and Tax Consultants (9851.0000) vide its Order dated 09.09.2015. A copy of the stay order can be accessed here: http://akhtarali.com/provincial-sales-tax-authorities/
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…
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…
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…
Punjab Revenue Authority vide its notification No. SO (TAX) 1-1/2013-14 dated 12.02.2014 has made the following amendments in the Second Schedule of the Punjab Sales Tax on Services Act, 2012 (Taxable Services): Services of Construction are liable to standard rate of sales tax (i.e. 16% of the value of services) instead of reduced rate of…
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…
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…
Governor of the Punjab has issued notification No. SO(TAX) 1-2/97 (Exemption Newspapers) dated 23.09.2014 to withdraw sales tax on advertisements in newspapers, magazines, journals and periodicals including classified ads.
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…
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…
