Punjab Sales Tax on Services Act, 2012

Chapter-II

SCOPE OF TAX

From: 2023-11-01 - To: 0000-00-00 1[16A. Certain transactions not admissible.- (1) Notwithstanding anything contained in this Act or any other law for the time being in force, 2[payment of amounts of one or more transactions made to the same person in one tax period where the aggregate of such amounts exceeds fifty thousand rupees including the amount of sales tax but excluding any payments made on account of utilities], shall be made by a crossed cheque drawn on a bank or by crossed bank draft or crossed pay order or any other crossed banking instrument showing transfer of the amount of the sales tax invoice in favour of the service provider from the business bank account of the service recipient. (2) Online transfer of payment from the business account of service recipient to the business account of service provider as well as payments through credit card shall be treated as transactions through the banking channel, subject to the condition that such transactions are verifiable from the bank statements of the respective service recipient and the service provider. (3) The service recipient shall not be entitled to claim input tax credit, adjustment or deduction, or refund, repayment or…