Punjab Sales Tax on Services Act 2012 - Chapter I Quiz
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Questions and Answers

When does the Punjab Sales Tax on Services Act 2012 come into effect?

  • When signed by the President
  • After the approval of the Federal Revenue Board
  • Upon approval by the National Assembly
  • Upon notification in the official Gazette by the Government (correct)

    • What is the definition of an 'active taxpayer' as per the Act?

  • An individual with pending tax arrears
  • A registered person who has filed a tax return for at least one of the last three consecutive tax periods (correct)
  • A person whose registration has been suspended by the Authority
  • Someone who has never filed a tax return

    • What does the Punjab Sales Tax on Services Act 2012 primarily govern?

  • Sales tax on products in Punjab
  • Service taxation in Punjab (correct)
  • Income tax regulations in Punjab
  • Goods taxation in Punjab

    • What does 'arrears' refer to in relation to the Act?

    <p>Overdue taxes that have not been paid by an individual</p> Signup and view all the answers

    What does the 'Appellate Tribunal' established under the Punjab Revenue Authority Act 2012 deal with?

    <p>Disputes related to sales tax on services</p> Signup and view all the answers

    Who is an 'Additional Commissioner' according to the Act?

    <p>A person appointed as Additional Commissioner of the Authority</p> Signup and view all the answers

    Study Notes

    Punjab Sales Tax on Services Act 2012

    • Officially titled the Punjab Sales Tax on Services Act, 2012, effective across the entire Punjab.
    • Commencement date is designated by government notification in the official Gazette.

    Key Definitions

    • Active Taxpayer: Registered individuals whose registration is neither suspended nor blacklisted and have submitted a tax return in at least one of the last three tax periods.
    • Additional Commissioner: An individual appointed as Additional Commissioner within the Authority.
    • Appellate Tribunal: The tribunal established under the Punjab Revenue Authority Act 2012 (XLIII of 2012) responsible for handling appeals.
    • Arrears: Refers to tax amounts due and payable by an individual that have not been paid by the designated date.
    • Assistant Commissioner: A designated role within the Authority, focusing on enforcement and compliance.

    Tax Collection Specifications

    • The government reserves the right to specify particular services or categories of services subject to tax collection effective from a date different than the Act's commencement.

    Authority Overview

    • Established roles within the tax authority include positions like Additional Commissioner and Assistant Commissioner, crucial for implementation and oversight.

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    Description

    Test your knowledge on Chapter I of the Punjab Sales Tax on Services Act 2012. Questions cover topics such as short title, extent, commencement, and definitions as outlined in the act.

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