AIRLINK 211.88 Increased By ▲ 2.33 (1.11%)
BOP 10.52 Increased By ▲ 0.06 (0.57%)
CNERGY 7.35 No Change ▼ 0.00 (0%)
FCCL 34.59 Increased By ▲ 0.20 (0.58%)
FFL 18.14 Increased By ▲ 0.09 (0.5%)
FLYNG 23.30 Increased By ▲ 0.38 (1.66%)
HUBC 131.91 Decreased By ▼ -0.58 (-0.44%)
HUMNL 14.28 Increased By ▲ 0.14 (0.99%)
KEL 5.13 Increased By ▲ 0.10 (1.99%)
KOSM 7.22 Increased By ▲ 0.15 (2.12%)
MLCF 45.20 No Change ▼ 0.00 (0%)
OGDC 219.75 Increased By ▲ 1.37 (0.63%)
PACE 7.74 Increased By ▲ 0.16 (2.11%)
PAEL 42.39 Increased By ▲ 0.69 (1.65%)
PIAHCLA 17.69 Increased By ▲ 0.39 (2.25%)
PIBTL 8.73 Increased By ▲ 0.18 (2.11%)
POWERPS 12.50 No Change ▼ 0.00 (0%)
PPL 190.75 Increased By ▲ 1.72 (0.91%)
PRL 42.60 Increased By ▲ 0.27 (0.64%)
PTC 25.95 Increased By ▲ 0.78 (3.1%)
SEARL 104.49 Increased By ▲ 0.53 (0.51%)
SILK 1.03 No Change ▼ 0.00 (0%)
SSGC 41.05 Increased By ▲ 1.81 (4.61%)
SYM 19.40 Increased By ▲ 0.24 (1.25%)
TELE 9.44 Increased By ▲ 0.20 (2.16%)
TPLP 13.05 Decreased By ▼ -0.05 (-0.38%)
TRG 70.20 Increased By ▲ 1.02 (1.47%)
WAVESAPP 10.72 No Change ▼ 0.00 (0%)
WTL 1.71 No Change ▼ 0.00 (0%)
YOUW 4.20 Increased By ▲ 0.06 (1.45%)
BR100 12,217 Increased By 137.8 (1.14%)
BR30 37,017 Increased By 414.1 (1.13%)
KSE100 117,122 Increased By 1069.2 (0.92%)
KSE30 36,921 Increased By 343.9 (0.94%)

Keeping in view the queries of taxpayers regarding the section-4 of Punjab Sales Tax on Services Act 2012, Sindh Revenue Board (SRB) on Tuesday notified to its taxpayers that they (taxpayers) continue paying tax according to Sindh Sales Tax on Services Act 2011. SRB stated that it intends to work with the Punjab Revenue Authority (PRA) to clarify any area of overlap and ensure that taxpayers are not inconvenienced.
The copy of the said notification was obtained by Business Recorder stating that: consequent on the enactment of the Punjab Sales Tax on Services Act, 2012, a number of SRB-registered service providers have raised queries regarding the obligations now imposed on them and have expressed concerns regarding double taxation on the services provided or rendered by them to the services recipients in Punjab.
SRB has already taken up this matter with the FBR and the PRA and requested the status quo be maintained until any issues arising pursuant to the enactment of section-4 of the PSToS Act 2012, are clarified.
Accordingly, it is notified for information of all concerned that SRB-registered services providers and withholding agents are required to act as regular they are, and also to continue to act as per provisions of Sindh Sales Tax on Services Act 2011, and the rules made thereunder in relation to services provided or rendered by them in Sindh or from Sindh and to continue to e-deposit the Sindh sales tax on origin basis against PSID/Challan in Form SST-04/SSTW-04, as the case may be, and also to e-file their tax returns in Form SST-03/SSTW-03 or as the case may be.
If at any stage, pursuant to SRB negotiations with FBR and PRA, it is determined, after due scrutiny and verification by SRB, that any payment deposited by the SRB-registered service providers and withholding agents in government of Sindh's head of account "B-02384" was actually payable to PRA, such payment shall be appropriately adjusted between SRB and PIA directly.

Copyright Business Recorder, 2012

Comments

Comments are closed.