The Punjab Sales Tax on Services Act 2012 Overview
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Questions and Answers

What is the main purpose of The Punjab Sales Tax on Services Act 2012?

  • To establish a new currency system in Punjab
  • To regulate the sale of goods in Punjab
  • To levy a tax on services in Punjab (correct)
  • To provide a tax exemption for services in Punjab

    • According to the Act, when does the Act come into effect?

  • When there is a change in the ruling party
  • When the Governor of Punjab signs it
  • When the federal government approves it
  • When the Government notifies it in the official Gazette (correct)

    • What is the extent of The Punjab Sales Tax on Services Act 2012?

  • It applies throughout the entire Punjab province (correct)
  • Only affects businesses but not individuals
  • Covers only rural areas in Punjab
  • Limited to a few cities in Punjab

    • Which body has the authority to specify the commencement date of The Punjab Sales Tax on Services Act 2012?

    <p>Punjab Revenue Authority</p> Signup and view all the answers

    What is the proper citation for The Punjab Sales Tax on Services Act 2012 according to the text?

    <p>Punjab Sales Tax Act 2012</p> Signup and view all the answers

    What can the Government do in relation to specifying services for tax collection?

    <p>It can specify services from a date subsequent to the commencement of this Act.</p> Signup and view all the answers

    How is an 'active taxpayer' defined?

    <p>A registered person who meets certain criteria regarding registration and tax return filings.</p> Signup and view all the answers

    What does 'arrears' refer to?

    <p>The tax due and payable by a person that has not yet been paid.</p> Signup and view all the answers

    Who is an 'Additional Commissioner'?

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

    How is an 'Assistant Commissioner' defined?

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

    In the context of 'associates', why are two persons considered associates?

    <p>Because one may reasonably be expected to act in accordance with the other's intentions.</p> Signup and view all the answers

    When are two persons always treated as associates?

    <p>When one controls 50% or more of income or capital of an association alone.</p> Signup and view all the answers

    How are individuals and their relatives considered in terms of 'associates'?

    <p>'Associates' if one is an individual and the other is a relative.</p> Signup and view all the answers

    'Associates' always refer to:

    <p>'Associates' based on controlling rights to income or capital in an association.</p> Signup and view all the answers

    'Associates' never refer to:

    <p>'Associates' being shareholders in different companies.</p> Signup and view all the answers

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