1. The Punjab Sales Tax on Services Act 2012 was enacted on which date?
(A) 27 June 2012
(B) 26 June 2012
(C) 21 June 2012
(D) 1 July 2012
2. The Act extends to which area?
(A) Punjab only
(B) Pakistan
(C) Islamabad
(D) Whole Pakistan
3. The Act applies to services provided in:
(A) KPK
(B) Sindh
(C) Punjab
(D) Balochistan
4. Tax under this Act is levied on:
(A) Goods
(B) Property
(C) Services
(D) Imports only
5. “Active taxpayer” means:
(A) Any registered person
(B) Unregistered person
(C) Government officer
(D) Registered person with conditions
6. “Authority” refers to:
(A) FBR
(B) Punjab Revenue Authority
(C) Local Government
(D) NAB
7. “Arrears” means:
(A) Paid tax
(B) Future tax
(C) Exempt tax
(D) Tax due but unpaid
8. “Assistant Commissioner” is:
(A) Court judge
(B) Authority officer
(C) Police officer
(D) Lawyer
9. “Associates” includes:
(A) Friends
(B) Related persons or controlled entities
(C) Employees only
(D) Customers
10. “Company” includes:
(A) Various corporate bodies and associations
(B) Only government companies
(C) Only private companies
(D) Individuals
11. “Banking company” is defined under:
(A) Income Tax Ordinance
(B) SECP Act
(C) Companies Act 2017
(D) Banking Companies Ordinance 1962
12. “Commissioner” is:
(A) Court judge
(B) Police officer
(C) Authority officer
(D) Auditor
13. “Commission agent” acts on behalf of:
(A) Government
(B) Himself
(C) NGO
(D) Another person for consideration
14. “Taxable service” means:
(A) Goods
(B) Salary
(C) Land
(D) Services listed in Second Schedule
15. Economic activity includes:
(A) Business activity
(B) Hobby
(C) Non-commercial activity only
(D) Sports only
16. “Service” does NOT include:
(A) Transport
(B) Consulting
(C) Goods
(D) Banking
17. “Tax period” means:
(A) One week
(B) One month
(C) One year
(D) Two years
18. “Standard rate” is:
(A) 10%
(B) 12%
(C) 18%
(D) 16%
19. “Taxpayer” is:
(A) Government
(B) Judge
(C) Person providing taxable services
(D) Bank only
20. “Due date” is generally:
(A) 10th of month
(B) End of year
(C) 20th of month
(D) 15th of month
21. “Economic activity” includes:
(A) Job only
(B) Business and trade
(C) Only farming
(D) Only imports
22. “Open market price” means:
(A) Fixed price
(B) Discount price
(C) Government price only
(D) Market-based price
23. Service provided over time is treated as:
(A) Multiple services
(B) One service
(C) Free service
(D) Exempt service
24. Tax is charged on:
(A) Profit
(B) Land value
(C) Salary
(D) Value of taxable service
25. Who collects tax generally?
(A) Registered service provider
(B) Police
(C) Army
(D) Courts
26. Tax liability may shift to:
(A) Government
(B) Service recipient
(C) Judge
(D) Auditor
27. Exemptions are granted by:
(A) Authority with government approval
(B) Court
(C) Police
(D) Parliament only
28. Tax is payable at:
(A) Service delivery time
(B) Demand notice only
(C) End of year
(D) Return filing time
29. Withholding tax means:
(A) Refund tax
(B) Ignore tax
(C) Deduct tax before payment
(D) Increase tax
30. Failure to deposit withheld tax results in:
(A) Exemption
(B) Bonus
(C) Refund
(D) Personal liability
31. Tax credit relates to:
(A) Input tax adjustment
(B) Sales only
(C) Salary
(D) Interest
32. Refund is allowed when:
(A) Paid in error or excess
(B) No tax paid
(C) Always
(D) Never
33. Excess tax collected must be:
(A) Kept by business
(B) Refunded by customer
(C) Paid to Government
(D) Ignored
34. Liability passes in case of business sale to:
(A) Buyer
(B) Government
(C) Court
(D) Employee
35. Tax liability of deceased person is on:
(A) Government
(B) Court
(C) Friend
(D) Estate
36. Bankruptcy tax is treated as:
(A) Loan
(B) Donation
(C) Current expenditure
(D) Penalty only
37. Assessment of tax is done by:
(A) Police
(B) Customer
(C) Bank
(D) Authority officer
38. Default surcharge is:
(A) Bonus
(B) Discount
(C) Penalty for late payment
(D) Refund
39. Tax fraud includes:
(A) False invoices
(B) Honest reporting
(C) Timely payment
(D) Registration
40. Registered person means:
(A) Only active taxpayer
(B) Person registered or liable to register
(C) Government
(D) Bank
41. “Goods” include:
(A) Services
(B) Movable property
(C) Salary
(D) Tax
42. “Person” includes:
(A) Only individual
(B) Only banks
(C) Only firms
(D) Companies and governments
43. Tax is charged on:
(A) Service value
(B) Income
(C) Property only
(D) Salary only
44. “Place of business” includes:
(A) Only office
(B) Any place of economic activity
(C) Only factory
(D) Only home
45. “Resident” includes:
(A) Only citizen
(B) Tourist
(C) Business presence in Punjab
(D) Visitor only
46. “Registered person” includes:
(A) Only registered
(B) Government
(C) Registered or liable to register
(D) Employee
47. “Return” means:
(A) Tax refund
(B) Invoice only
(C) Salary slip
(D) Tax declaration form
48. “Exempt service” means:
(A) Taxable service
(B) Illegal service
(C) Service free from tax
(D) Imported service
49. “Financial year” is:
(A) Jan–Dec
(B) March–Feb
(C) April–March
(D) July–June
50. “Firm” means:
(A) Government office
(B) School
(C) Profit-sharing business relation
(D) NGO
51. “Taxable service” includes:
(A) Only goods
(B) Land
(C) Salary
(D) Listed services
52. Value of taxable service is:
(A) Gross consideration
(B) Salary
(C) Net profit only
(D) Discount only
53. If payment is in kind, value is:
(A) Zero
(B) Open market price
(C) Half price
(D) Fixed rate
54. Associated persons deal includes:
(A) Family relation
(B) Government only
(C) Employees only
(D) Customers only
55. Economic activity does NOT include:
(A) Business
(B) Employment
(C) Hobby
(D) Trade
56. Open market price is based on:
(A) Free market transaction
(B) Government rate
(C) Fixed law
(D) Bank rate
57. Tax fraud requires:
(A) Mistake
(B) Delay only
(C) Intentional wrongdoing
(D) Refund
58. “Document” includes:
(A) Paper only
(B) Electronic records
(C) Cash only
(D) Goods
59. “Defaulter” means:
(A) Person who fails to pay tax
(B) Tax payer
(C) Employee
(D) Buyer
60. Tax on services is generally collected through:
(A) Courts
(B) Auction
(C) Police
(D) Return filing system