Sales Tax On Services (SRB PRA KPRA BRA)

Provincial sales tax on services is a form of indirect tax that is levied on the sale of services in the provinces of Pakistan. Provincial sales tax is governed by the provincial governments.

In provinces, businesses that provide taxable services are required to register for sales tax, obtain a Provincial Tax Number (PTN), and file regular sales tax returns.

Businesses that fail to comply with the provincial sales tax laws and regulations on services may face penalties fines and default surcharge. To avoid these consequences, many businesses choose to avail sales tax services from tax consultants, accounting firms, or tax software companies.

The sales tax on services applies to a wide range of services and Bizcon is providing all of these services including:

Registration: Helping businesses register for sales tax and obtain a National Tax Number (NTN).

Filing: Preparation and filing of sales tax returns on behalf of the business.

Compliance: Ensuring that the business complies with all relevant sales tax laws and regulations.

Audit: Conducting sales tax audits to identify any potential non-compliance issues.

Representation: Representing the business in front of tax authorities in case of any audits or disputes and

Advisory: Providing advice and guidance on sales tax issues and ensuring that the business stays updated on any changes in sales tax laws and regulations etc.

In conclusion, sales tax services are essential for businesses in Provinces that provide taxable services. By availing of these services, businesses can ensure that they are fully compliant with the sales tax laws and regulations, minimize the risk of fines, penalties a, and default surcharges and focus on growing their business.