16 More Sectors to be Taxed - Under Sales Tax Act
Wednesday, July 3, 2013
8) advertising agents,
A notification bearing No SO (TAX)1-2/97 was issued by the Finance Department of the Punjab Government with effect from July 01, 2013 expanding the list of services on which the Punjab Revenue Authority (PRA) was collecting sales tax on services. Prior to this, the Punjab Revenue Authority (PRA) which started working with effect from July 01, 2012 was collecting sales tax from 21 categories of services.
With the addition of 16 more now the number of services to be taxed under provincial sales tax has reached to 37. The notification issued in this regard said that it would come into force with effect from July 01, 2013 and rate of the sales tax will be 16 percent.
posted @ 6:55 PM,
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