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Punjab Sales Tax on Services Act, 2012
Chapter-V BOOK KEEPING AND AUDIT PROCEEDINGS
From: 2023-11-01 - To: 0000-00-00 31. Records.- (1) A registered person providing taxable service 1[or a person required to pay tax under this Act or rules] shall maintain and keep at his business premises or registered office in English or Urdu the following records of taxable service (including exempt service) provided by him or by his agent acting on his behalf in such form and manner as would permit ready ascertainment of his tax liability during a tax period: 2[(a) record of services provided, including exempt services, indicating the description, quantity and value of service, name, registration number and address of the person to whom services were rendered and the amount of tax charged; (b) record of goods and services received, including exempt goods and services, indicating description, quantity and value of goods and services, name, address and registration number of the service provider or supplier of goods and the amount of the tax charged; (c) record of goods imported indicating the description, quantity and value of goods and the amount of tax paid on imports; (d) double entry accounts; (e) bank statements and banking instruments; (f) inventory records, utility bills, salary and labor bills, rent deeds and agreements; (g) record required to be maintained and the declarations filed under any other law for the time being in force; and (h) such other record as may be specified by the Authority.] (2) The Authority may, by notification in the official Gazette, require a registered person or class of registered persons to declare and use as many number of business bank accounts as may be specified by the Authority in such notification to make or receive payments on account of providing 3[or receiving] services for the purpose of this Act and the rules and to make payment of due tax from such accounts. (3) The Authority may, by notification in the official Gazette, specify that any person or class of persons registered under this Act shall use such electronic…
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