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Punjab Sales Tax on Services Act, 2012 QUESTION #2562
Question 1
Under the Offences and Penalties Schedule of the Act, where a person fails or refuses to issue a tax invoice, the penalty for the FIRST default is:
  • Ten thousand rupees
  • Twenty thousand rupees✔️
  • Fifty thousand rupees
  • One hundred thousand rupees
Correct Answer Explanation
Entry No. 17 of the Offences and Penalties Schedule provides that where a person fails or refuses to issue a tax invoice, the person shall be liable to pay a penalty of TWENTY THOUSAND RUPEES on first default and fifty thousand rupees for each subsequent default.