15 Questions
What is the main purpose of The Punjab Sales Tax on Services Act 2012?
To levy a tax on services in Punjab
According to the Act, when does the Act come into effect?
When the Government notifies it in the official Gazette
What is the extent of The Punjab Sales Tax on Services Act 2012?
It applies throughout the entire Punjab province
Which body has the authority to specify the commencement date of The Punjab Sales Tax on Services Act 2012?
Punjab Revenue Authority
What is the proper citation for The Punjab Sales Tax on Services Act 2012 according to the text?
Punjab Sales Tax Act 2012
What can the Government do in relation to specifying services for tax collection?
It can specify services from a date subsequent to the commencement of this Act.
How is an 'active taxpayer' defined?
A registered person who meets certain criteria regarding registration and tax return filings.
What does 'arrears' refer to?
The tax due and payable by a person that has not yet been paid.
Who is an 'Additional Commissioner'?
A person appointed as Additional Commissioner of the Authority.
How is an 'Assistant Commissioner' defined?
A person appointed as an Assistant Commissioner of the Authority.
In the context of 'associates', why are two persons considered associates?
Because one may reasonably be expected to act in accordance with the other's intentions.
When are two persons always treated as associates?
When one controls 50% or more of income or capital of an association alone.
How are individuals and their relatives considered in terms of 'associates'?
'Associates' if one is an individual and the other is a relative.
'Associates' always refer to:
'Associates' based on controlling rights to income or capital in an association.
'Associates' never refer to:
'Associates' being shareholders in different companies.
Learn about the key provisions and objectives of The Punjab Sales Tax on Services Act 2012, which aims to regulate the levy of a tax on services provided in the Punjab region. Explore the preamble and initial chapters of the act.
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