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Punjab Sales Tax on Services Act, 2012 QUESTION #2571
Question 1
Under section 52(2)(b), a notice for recovery of a refund that was not due (obtained through fraud, forgery, false documents etc.) must be served within:
  • Three years from the date of receipt of refund
  • Five years from the end of the financial year in which the refund was received✔️
  • Eight years of the relevant tax period
  • Ten years from the date of erroneous refund
Correct Answer Explanation
Section 52(2)(b) as amended by Punjab Finance Act, 2022 provides that the show-cause notice for recovery of wrongly obtained refund must be issued within FIVE YEARS FROM THE END OF THE FINANCIAL YEAR IN WHICH THE REFUND WAS RECEIVED.