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Punjab Sales Tax on Services Act, 2012
QUESTION #2574
Question 1
Under section 10A(2) of the Act, once a person providing a service chargeable at a reduced rate obtains permission from the Authority to charge tax at the standard rate, such permission is:
Correct Answer Explanation
Section 10A(2) explicitly provides that the permission to opt for standard rate instead of reduced rate shall be IRREVOCABLE EXCEPT WITH THE PERMISSION OF THE AUTHORITY — the taxpayer cannot unilaterally revoke it.
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