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Important MCQs on THE PUNJAB SALES TAX ON SERVICES ACT 2012

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1. What is the short title of the Act?





2. What is the Act number of the Punjab Sales Tax on Services Act 2012?





3. On which date was the Act enacted?





4. The Act provides for the levy of tax on which of the following?





5. The tax under this Act applies to services provided in which province?





6. Which chapter of the Act deals with preliminary matters?





7. The Act extends to the whole of which area?





8. The Act shall come into force from a date specified by whom?





9. The Government specifies the commencement date through which medium?





10. Under subsection (4), the Government may specify different dates for collection of tax on:





11. An “active taxpayer” means a registered person whose registration has not been:





12. An active taxpayer must have filed tax return for at least:





13. “Additional Commissioner” means a person appointed as Additional Commissioner of the:





14. “Appellate Tribunal” is established under which Act?





15. “Arrears” means tax due and payable but which has not yet been:





16. “Assistant Commissioner” means a person appointed as Assistant Commissioner of the:





17. Associates refer to two persons where one may act according to the intentions of the:





18. Two persons shall not be associates solely because:





19. Which of the following persons shall always be treated as associates?





20. Members of an association of persons are treated as:





21. A member and an association are associates when the member controls at least how much rights to income or capital?





22. A shareholder and a company are associates when the shareholder controls at least how much voting power?





23. A shareholder may control a company directly or through:





24. Associates include shareholders having rights to:





25. Two companies are associates where a person controls fifty percent or more of the rights to:





26. Under paragraph (c), persons shall not be associates if the Commissioner is satisfied that they do not act according to each other’s:





27. The expression “relative” includes:





28. “Relative” also includes a descendant of any of the:





29. An adopted child of the individual is included in the definition of:





30. The spouse of an individual is included in the definition of:





31. “Association of persons” includes a:





32. “Association of persons” does not include a:





33. “Authority” means the Punjab Revenue Authority established under:





34. A banking company is defined under which Ordinance?





35. A banking company includes any body corporate transacting the business of banking in:





36. “Commissioner” means a person appointed as Commissioner of the:





37. “Commissioner (Appeals)” means a person appointed as Commissioner (Appeals) of the:





38. “Commission” includes consideration received directly or indirectly for services rendered in the course of:





39. Commission does not include:





40. Commission may be received in:





41. A commission agent acts on behalf of another person for:





42. A commission agent may act for the sale or purchase of:





43. The Act was passed by the Punjab Assembly on:





44. The Act was assented to by the Governor of Punjab on:





45. The Act was published in the Punjab Gazette on:





46. The Punjab Gazette publication was:





47. The provisions relating to active taxpayer were added through:





48. The Punjab Finance Act 2021 is numbered as:





49. The Authority referred to in the Act is:





50. Tax under the Act is levied on services that are:





51. The preamble states that the Act also deals with:





52. The Act mainly concerns sales tax on:





53. An active taxpayer must be a:





54. Blacklisting of registration is done by the:





55. “Arrears” relate to tax due before:





56. A company and shareholder are associates if there are rights to:





57. The expression “relative” includes spouse of the individual or of any person specified in:





58. “Association of persons” includes bodies formed under:





59. Banking business in Punjab may be transacted by a:





60. Commission includes consideration relating to any transaction involving a valuable article or:





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