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Most Important MCQs THE PUNJAB SALES TAX ON SERVICES ACT 2012

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1. The short title of the Act is?





2. The Act extends to?





3. The Act was enacted on?





4. Tax under the Act is levied on?





5. Tax applies on services provided, rendered and?





6. The Act comes into force on?





7. Active taxpayer means a person whose registration is?





8. Arrears means?





9. Appellate Tribunal is established under?





10. Assistant Commissioner means?





11. Associates relationship is based on?





12. Authority means?





13. Banking company includes?





14. Commissioner is?





15. Company includes?





16. Computerized system means?





17. Default surcharge means?





18. Defaulter means?





19. Document includes?





20. Due date for return is usually?





21. Economic activity includes?





22. Exempt service means?





23. Financial year is?





24. Goods do NOT include?





25. Government means?





26. Inter-bank rate refers to?





27. Non-banking financial institution includes?





28. Place of business includes?





29. Person includes?





30. Registered person means?





31. Resident includes?





32. Service means?





33. Standard rate is?





34. Tax includes?





35. Tax fraud means?





36. Tax period is?





37. Taxable service is defined in?





38. Tax is charged on?





39. Liability to pay tax is mainly on?





40. Exemptions are given by?





41. Rate of tax applies at?





42. Withholding tax is collected by?





43. Failure to withhold tax makes person?





44. Input tax requires?





45. Input tax claim limit is?





46. Payment above threshold must be?





47. Business bank account means?





48. Capital goods input tax is?





49. Utilities bill must be in name of?





50. Vehicles input tax is?





51. Taxable service is listed in?





52. Economic activity does NOT include?





53. Open market price is based on?





54. Service over time is treated as?





55. Non-resident service tax is paid by?





56. Tax exemption is granted by?





57. Standard rate option is?





58. Reverse charge means?





59. Tax fraud includes?





60. Authority means?





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