MCQs on THE PUNJAB SALES TAX ON SERVICES ACT 2012

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1. The Punjab Sales Tax on Services Act 2012 was enacted on which date?





2. The Act extends to which area?





3. The Act applies to services provided in:





4. Tax under this Act is levied on:





5. “Active taxpayer” means:





6. “Authority” refers to:





7. “Arrears” means:





8. “Assistant Commissioner” is:





9. “Associates” includes:





10. “Company” includes:





11. “Banking company” is defined under:





12. “Commissioner” is:





13. “Commission agent” acts on behalf of:





14. “Taxable service” means:





15. Economic activity includes:





16. “Service” does NOT include:





17. “Tax period” means:





18. “Standard rate” is:





19. “Taxpayer” is:





20. “Due date” is generally:





21. “Economic activity” includes:





22. “Open market price” means:





23. Service provided over time is treated as:





24. Tax is charged on:





25. Who collects tax generally?





26. Tax liability may shift to:





27. Exemptions are granted by:





28. Tax is payable at:





29. Withholding tax means:





30. Failure to deposit withheld tax results in:





31. Tax credit relates to:





32. Refund is allowed when:





33. Excess tax collected must be:





34. Liability passes in case of business sale to:





35. Tax liability of deceased person is on:





36. Bankruptcy tax is treated as:





37. Assessment of tax is done by:





38. Default surcharge is:





39. Tax fraud includes:





40. Registered person means:





41. “Goods” include:





42. “Person” includes:





43. Tax is charged on:





44. “Place of business” includes:





45. “Resident” includes:





46. “Registered person” includes:





47. “Return” means:





48. “Exempt service” means:





49. “Financial year” is:





50. “Firm” means:





51. “Taxable service” includes:





52. Value of taxable service is:





53. If payment is in kind, value is:





54. Associated persons deal includes:





55. Economic activity does NOT include:





56. Open market price is based on:





57. Tax fraud requires:





58. “Document” includes:





59. “Defaulter” means:





60. Tax on services is generally collected through:





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