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Punjab Sales Tax on Services Act, 2012 QUESTION #2575
Question 1
Under section 6(1) of the Act, which of the following does NOT constitute an 'economic activity' for purposes of the Punjab Sales Tax on Services Act, 2012?
  • A one-time transaction in the nature of business
  • Supply of immovable property by way of lease
  • Carrying on a profession for profit
  • Activities of an employee providing services in that capacity to an employer✔️
Correct Answer Explanation
Section 6(3)(a) explicitly excludes from the definition of 'economic activity' the activities of AN EMPLOYEE PROVIDING SERVICES IN THAT CAPACITY TO AN EMPLOYER. A one-time transaction, lease of property, and professional activities are all included.