PRA issues notices to LCB, WCB for tax recovery
LAHORE – The Punjab Revenue Authority has issued show-cause notices to Lahore Cantonment Board and Walton Cantonment Board on non-compliance of Punjab Sales Tax rules. Both the cant boards were already issued several notices of non-payment of withholding taxes and were fined Rs 25,000 each. It is also worth mentioning that both the boards were given several opportunities through legal notices for submission of contractual details but the same was not provided and no reply has ever been submitted. From available record it was revealed both LCB and WCB received taxable services from various contractors from 1st July 2016 onward, but both failed to withhold and deposit Punjab sales tax as per Punjab Sales Tax on Services Act 2012.