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…
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…
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.
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…
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…
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. 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 order No. PRA/Orders.01/2013 dated 12.08.2013 has extended date of payment and filing of Provincial sales tax return up to 20.08.2013
The Government of Punjab has issued notification No. SO(TAX)1-1/2013-14 dated 22.05.2013, wherein certain services have been subjected to sales tax under The Punjab Sales Tax on Services Act, 2012. This notification shall have immediate effect. The list of services subjected to tax is as under: – 1. Sales tax @ 16% has been imposed on…
Punjab Revenue Authority has issued Punjab Sales Tax on Services (Withholding) Rules, 2012 vide its notification No. PRA / Orders. 06 / 2012 (11) dated 27.08.2012. The following persons have been appointed as withholding agents in case they receive taxable services. (a) Federal and Provincial Governments including local and district governments, government departments and offices;…
