{ "schema_version": "qanun-law-text/1", "id": "punjab-code-9b5aa87e0a0e82a9", "title": "PUNJAB FINANCE ACT 2018", "source_collection": "Punjab", "content_kind": "stored_law_text", "content_extent": null, "source_url": "https://punjabcode.punjab.gov.pk/en/show_article/V2FSZVBiUmc-", "version": null, "source_snapshot": "2026-08-06T16:55:42Z", "legal_status": "not independently verified", "text_quality": "Complete stored UTF-8 TXT file recovered byte-for-byte from owned Drive. Source transcription retained verbatim; legal completeness, OCR accuracy and current consolidation unverified.", "text_sha256": "9c04538e73da556b9eb87fc9b36a623174c1dcee8b7587ad6decb43dd577a7c2", "source_sha256": "9c04538e73da556b9eb87fc9b36a623174c1dcee8b7587ad6decb43dd577a7c2", "text_version_id": "law:punjab-code-9b5aa87e0a0e82a9:sha256:9c04538e73da556b9eb87fc9b36a623174c1dcee8b7587ad6decb43dd577a7c2", "quality_flags": [], "encoding": "UTF-8", "text": "THE PUNJAB FINANCE ACT 2018 \r\n (XXX of 2018) \r\nCONTENTS \r\n1. Short title, extent and commencement \r\n2. Amendment in Act II of 1899 \r\n3. Amendment in Act XXXII of 1958 \r\n4. Amendments in Act XLII of 2012 \r\n5. Amendments in Act XLIII of 2012 \r\n6. [*****] \r\n \r\n \r\n \r\nTEXT \r\n1\r\nTHE PUNJAB FINANCE ACT 2018 \r\n(XXX of 2018) \r\n[29 October 2018] \r\n \r\nAn \r\nAct \r\nto levy, alter and rationalize certain taxes and duties in the Punjab. \r\nIt is necessary in public interest to levy, alter and rationalize certain taxes and duties \r\nin the Punjab; and, to deal with ancillary matters. \r\nBe it enacted by Provincial Assembly of the Punjab as follows: \r\n1. Short title, extent and comme ncement.– (1) This Act may be cited as the \r\nPunjab Finance Act 2018. \r\n (2) It extends to whole of the Punjab. \r\n (3) It shall come into force on the first day of November 2018. \r\n2. Amendment in Act II of 1899 .– In the Stamp Act 1899 (II of 1899), i n \r\nSchedule-I: \r\n(a) In Article -1, for the existing entries in column 2 and 3, the \r\nfollowing shall be substituted: \r\n “ACKNOWLEDGMENT of a debt exceeding twenty \r\nrupees in amount or value, written or signed by, or \r\non behalf of, a debtor in order to supply evidence of \r\nsuch debt in any book other than a banker’s pass -\r\nbook or on a separate piece of paper when such \r\nbook or paper is left in the creditor’s possession: \r\nProvided that such acknowledgment does \r\nnot contain any promise to pay the debt or any \r\nstipulation to pay interest or to deliver any goods or \r\nother property- \r\n(a) where such amount does \r\nnot exceed ten thousand \r\nrupees. \r\n(b) where such amount \r\nexceeds ten thousand \r\nrupees but does not \r\nTen rupees \r\n \r\nTwenty rupees \r\n \r\n \r\n1\r\nThis Act was passed by the Provincial Assembly of the Punjab on 25 October 2018; assented to by the Governor of the Punjab \r\non 26 October 2018; and, was published in the Punjab Gazette (Extraordinary), dated: 29 October 2018, pp.805-818 \r\nexceed twenty thousand \r\nrupees. \r\n(c) where such amount \r\nexceeds twenty thousand \r\nrupees. \r\n \r\nFifty rupees.” \r\n(b) In Article 19, for the existing entries in column 2 and column 3, the \r\nfollowing shall be substituted. \r\n“CERTIFICATE OR OTHER \r\nDOCUMENT evidencing the right or \r\ntitle of the holder thereof or any \r\nother person, either to any shares , \r\nscrip or stock in or of any \r\nincorporated company or other body \r\ncorporate, or to become proprietor \r\nof shares, scrip or stock in or of any \r\nsuch company or body. \r\nOne hundred \r\nrupees.” \r\n(c) In Article 22 -A for the existing entries in column 2 and column 3, th e \r\nfollowing shall be substituted: \r\n“CONTRACT, that is to say any instrument of the nature of \r\nmemorandum of Agreement made or entered into by a \r\ncontractor with Government, Corporation, Local Body, Local \r\nAuthority, agency or organization set up or controlled by the \r\nFederal or the Provincial Government- \r\n(a) to execute any work- \r\n \r\n(i) where the amount of \r\nthe contract does \r\nnot exceed five lac \r\nrupees. \r\n(ii) where it exceeds \r\nfive lac rupees but \r\ndoes not exceed ten \r\nlac rupees. \r\n(iii) where it exceeds ten \r\nlac rupees but does \r\nnot exceed fi fty lac \r\nrupees. \r\n(iv) where it exceeds \r\nfifty lac rupees but \r\ndoes not exceed one \r\ncrore and fifty lac \r\nrupees. \r\n(v) where it exceeds \r\nTwelve hundred \r\nrupees \r\n \r\nTwo thousand \r\nrupees \r\n \r\nThree thousand \r\nrupees \r\n \r\nFive thousand \r\nrupees \r\n \r\n \r\none crore and fifty \r\nlac rupees. \r\n \r\nTen thousand \r\nrupees \r\n(b) to procure stores and \r\nmaterials \r\nTwenty-five paisas \r\nfor every one \r\nhundred rupees or \r\npart thereof of the \r\namount of the \r\ncontract subject to a \r\nminimum of twelve \r\nhundred rupees.” \r\n(d) In Article 25, for the existing entries in column 2 and column 3, the \r\nfollowing shall be substituted. \r\n“COUNTERPART OR \r\nDUPLICATE of any \r\ninstrument chargeable with \r\nduty and in respect of \r\nwhich the proper duty has \r\nbeen paid– \r\n \r\n(a) if the duty with which \r\nthe original instrument is \r\nchargeable does not exceed \r\nfifty rupees; \r\nFifty rupees \r\n(b) in any other case \r\n \r\nExemption – \r\nCounterpart of any lease \r\ngranted to cultivator when \r\nsuch lease is exempted \r\nfrom duty. \r\nOne hundred \r\nrupees.” \r\n(e) In Article 28 for the existing entries in column 2 and column 3 the \r\nfollowing shall be substituted – \r\n“DELIVERY-ORDER IN \r\nRESPECT OF GOODS, \r\nthat is to say, any \r\ninstrument entitling any \r\nperson therein named, or \r\nhis assigns or the holder \r\nthereof, to the delivery of \r\nany goods lying in any \r\nOne hundred \r\nrupees.” \r\ndock or port, or in any \r\nware-house in which goods \r\nare stored or dep osited on \r\nrent or hire, or upon any \r\nwharf such instrument \r\nbeing signed by or on \r\nbehalf of the owner of such \r\ngoods upon the sale or \r\ntransfer of the property \r\ntherein, when such goods \r\nexceed in value twenty \r\nrupees. \r\nDEPOSIT OF TITLE -\r\nDEEDS. see \r\nAGREEMENT relating to \r\nDEPOSIT OF TITLE -\r\nDEEDS, PAWN OR \r\nPLEDGE (No.6). \r\n \r\nDISSOLUTION OF \r\nPARTNERSHIP, See \r\nPARTNERSHIP (No. 46). \r\n \r\n(f) In Article 36 for the existing entries in column 2 and column 3 the \r\nfollowing shall be substituted – \r\n“LETTER OF ALLOTM ENT \r\nOF SHARES in any company \r\nor proposed company or in \r\nrespect of any loan to be \r\nraised by any company or \r\nproposed company. \r\nSee also CERTIFICATE OR \r\nOTHER DOCUMENT (No. \r\n19). \r\nFifty rupees” \r\n(g) In Article 42 for the existing entries in column 2 and column 3 the \r\nfollowing shall be substituted– \r\n“NOTARIAL ACT, that is to \r\nsay, any instrument, \r\nendorsement, note, \r\nattestation, certificate or \r\nentry not being a \r\nPROTEST (No. 50) made \r\nFifty rupees.” \r\nor signed by a Notary \r\nPublic in the execution of \r\nthe duties of his office, or \r\nby any o ther person \r\nlawfully acting as a Notary \r\nPublic. \r\nSee also PROTEST OF \r\nBILL OR NOTE (No.50). \r\n(h) In Article 47 for the existing entries in column 2 and column 3 the \r\nfollowing shall be substituted– \r\n“POLICY OF INSURANCE– \r\nA-See INSURANCE (see sec tion \r\n7)– \r\n \r\n(1) For each voyage– if drawn \r\nsingly. \r\nif drawn in \r\nduplicate, \r\nfor each \r\npart. \r\n(i) where the premium \r\nor consideration does not \r\nexceed the rate of 1/8 \r\npercent of the amount \r\ninsured by the policy; for \r\nevery full sum of Rs. 5,000 \r\nand also any fractio nal \r\nparts thereof insured by \r\nthe policy– ; \r\nTen \r\nrupees \r\nTen \r\nrupees \r\n(ii) in any other case, \r\nin respect of every full sum \r\nof Rs. 2,000 and also any \r\nfractional part thereof \r\ninsured by the policy– . \r\nTen \r\nrupees \r\nTen \r\nrupees \r\n(2) For time– \r\nin respect of every f ull sum of \r\nRs.2,000 or part thereof \r\ninsured by the policy– \r\n \r\n(i) where the \r\ninsurance shall be made \r\nfor any time not exceeding \r\nsix months; \r\nTen \r\nrupees \r\nTen \r\nrupees \r\n(ii) where the \r\ninsurance shall be made \r\nTwenty \r\nrupees \r\nTen \r\nrupees \r\nfor any time exceeding six \r\nmonths and not exceeding \r\ntwelve months– . \r\nB-FIRE-INSURANCE AND \r\nOTHER CLASSES OF \r\nINSURANCE, NOT ELSEWHERE \r\nINCLUDED IN THIS ARTICLE, \r\nCOVERING GOODS, \r\nMERCHANDISE, PERSONAL \r\nEFFECTS, CROPS, AND OTHER \r\nPROPERTY AGAINST LOSS OR \r\nDAMAGE– \r\n \r\n(1) in respect of an original policy– \r\n(i) when the sum insured \r\ndoes not exceed \r\nRs.5,000; \r\nFifty rupees \r\n(ii) in any other case and One hundred rupees \r\n(2) in respect of each receipt for \r\nany payment of a premium on \r\nany renewal of an original \r\npolicy. \r\nOne half of the duty \r\npayable in r espect of \r\nthe original policy in \r\naddition to the \r\namount, if any, \r\nchargeable under \r\nNo. 53 \r\nC-ACCIDENT AND SICKNESS-\r\nINSURANCE– \r\n \r\n(a) Against railway accident, \r\nvalid for a single journey only. \r\nFifty rupees \r\nExemption \r\nWhen issued to a passenger \r\ntravelling b y the intermediate \r\nor the third class in any \r\nrailway. \r\n \r\n(b) In any other case for the \r\nmaximum amount which may \r\nbecome payable in the case of \r\nany single accident or sickness \r\nwhere such amount does not \r\nexceed Rs.2,000 and also \r\nwhere such amount exceeds \r\nRs.2,000 for every Rs.2,000 or \r\npart thereof. \r\nTen rupees; \r\nprovided that, in \r\ncase of a policy of \r\ninsurance against \r\ndeath by accident \r\nwhen the annual \r\npremium payable \r\ndoes not exceed \r\nRs. 10 per Rs. \r\n100,000 the duty \r\non such instrument \r\nshall be ten rupees \r\nfor every Rs. 1,000 \r\nor part thereof of \r\nthe maximum \r\namount which may \r\nbecome payable \r\nunder it. \r\nD-INSURANCE BY WAY OF \r\nINDEMNITY– Against liability to \r\npay damages on account of \r\naccidents to workmen employed \r\nby or under the insurer or against \r\nliability to pay compensati on \r\nunder the Workmen’s \r\nCompensation Act, 1923, for \r\nevery Rs.100 or part thereof \r\npayable as premium. \r\nThree rupees \r\nE-LIFE INSURANCE OR OTHER \r\nINSURANCE NOT \r\nSPECIFICALLY PROVIDED \r\nFOR, except such a RE-\r\nINSURANCE as is described in \r\nDivision of this article– \r\nIf drawn \r\nsingly \r\nIf drawn in \r\nduplicate \r\nfor each \r\npart \r\n \r\n(i) for every sum insured not \r\nexceeding Rs.250; \r\nTen \r\nrupees \r\n \r\nTen \r\nrupees \r\n \r\n(ii) for every sum insured \r\nexceeding Rs.250 but not \r\nexceeding Rs.500; \r\nTen \r\nrupees \r\nTen \r\nrupees \r\n \r\n(iii) for every sum insured \r\nexceeding Rs.500 but not \r\nexceeding Rs.1,000 and \r\nalso for every Rs.1,000 or \r\npart thereof in excess of \r\nRs.1,000. \r\nTen \r\nrupees \r\nTen \r\nrupees \r\n \r\nExemption \r\nPolicies of life insurance granted \r\nby the Director -General of Post \r\nOffices in accordance with rules \r\n \r\n \r\n(i) In Article 49 for the existing entries in column 2 and column 3 \r\nthe following shall be substituted– \r\n“PROMISSORY NOTE as \r\ndefined by section 2(22)– \r\n \r\n(a) when payable on \r\ndemand– \r\n \r\n(i) when the amount or \r\nvalue does not exceed Rs. \r\n2,50,000/-\r\n \r\nTwo hundred rupees \r\n(ii) when the amount or \r\nvalue exceeds Rs. 2,50,000/ - \r\nbut does not exceed Rs. \r\n5,00,000/-\r\n \r\nThree hundred \r\nrupees \r\n(iii) in any other case\r\n \r\nFive hundred rupees” \r\n(b) when payable \r\notherwise than on demand, \r\nincluding a commercial paper. \r\nOne-fiftieth of one \r\npercent, that is to \r\nsay, 0.02% per \r\nfor Postal L ife Insurance issued \r\nunder the authority of the Federal \r\nGovernment. \r\nF-RE-INSURANCE BY AN \r\nINSURANCE COMPANY WHICH \r\nHAS GRANTED A POLICY OF \r\nTHE NATURE SPECIFIED IN \r\nDIVISION A OR DIVISION B OF \r\nTHIS ARTICLE WITH ANOTHER \r\nCOMPANY BY WAY OF \r\nINDEMNITY OR GUARANTE E \r\nAGAINST THE PAYMENT ON \r\nTHE ORIGINAL INSURANCE OF \r\nA CERTAIN PART OF THE SUM \r\nINSURED THEREBY. \r\nOne half of the duty \r\npayable in respect \r\nof the original \r\ninsurance but not \r\nless than ten \r\nrupees or more \r\nthan one hundred \r\nrupees \r\nGeneral Exemption \r\nLetter of cove r or engagement to \r\nissue a policy of insurance: \r\n \r\nProvided that, unless such letter \r\nor engagement bears the stamp \r\nprescribed by this Act for such \r\npolicy nothing shall be claimable \r\nthereunder, nor shall it be \r\navailable for any purpose, except \r\nto compel the delivery of the \r\npolicy therein mentioned. \r\n \r\nannum of the amount \r\npayable subject to a \r\nmaximum of one \r\nhundred thousand \r\nrupees. \r\n(j) In Article 50 for the existing entries in column 2 and column 3 \r\nthe following shall be substituted– \r\n“PROTEST OF BILL OR \r\nNOTE, that is to say, any \r\ndeclaration in writing made by \r\na Notary Public, or other \r\nperson lawfully acting as \r\nsuch, attesting the dishonour \r\nof a Bill of Exchange for \r\npromissory note. \r\nOne hundred \r\nrupees.” \r\n(k) In Article 52 for t he existing entries in column 2 and column 3 \r\nthe following shall be substituted– \r\n“PROXY empowering any \r\nperson to vote at any one \r\nelection of the members of a \r\ndistrict or local board or of a \r\nbody of municipal \r\ncommissioners, or at any one \r\nmeeting of (a) members of an \r\nincorporated company or \r\nother body corporate whose \r\nstock or funds is or are \r\ndivided into shares and \r\ntransferable; (b) a local \r\nauthority; or (c) proprietors, \r\nmembers or contributors to \r\nthe funds of any institution. \r\nFifty rupees.” \r\n(l) In Article 5 3 for the existing entries in column 2 and column 3 \r\nthe following shall be substituted – \r\n“RECEIPTS as defined by \r\nsection 2 (23) for any money \r\nor other property the amount \r\nor value of which exceeds \r\ntwenty rupees– \r\n \r\n(a) where such amount \r\ndoes not exceed ten \r\nthousand rupees \r\nTen rupees \r\n(b) where such amount \r\nexceeds ten thousand \r\nrupees but does not \r\nexceed twenty \r\nthousand rupees \r\nTwenty rupees \r\n(c) where such amount \r\nexceeds twenty \r\nthousand rupees \r\nFifty rupees.” \r\nExemptions \r\nReceipts– \r\n(a) endorsed on or \r\ncontained in any instrument \r\nduly stamped or any \r\ninstrument exempted under \r\nthe proviso to section 3 \r\n(instruments executed on \r\nbehalf of the Government) or \r\nany cheque or bill of \r\nexchange, payable on \r\ndemand acknowledging the \r\nreceipt of the consideration \r\nmoney therei n expressed, or \r\nthe receipt of any principal -\r\nmoney, interest or annuity, or \r\nother periodical payment \r\nthereby secured; \r\n \r\n(b) for any payment of \r\nmoney without consideration; \r\n \r\n(c) for any payment of \r\nrent by a cultivator on account \r\nof land assessed to \r\nGovernment revenue; \r\n \r\n(d) for pay or allowances \r\nby non-commissioned or petty \r\nofficers, soldiers, sailors or \r\nairmen of the armed forces of \r\nPakistan/Pakistan’s military, \r\nnaval or air forces, when \r\nserving in such capacity, or by \r\nmounted police-constables; \r\n \r\n(e) given by holders of \r\nfamily-certificates in cases \r\nwhere the person from whose \r\npay or allowances the sum \r\n \r\ncomprised in the receipt has \r\nbeen assigned as a non -\r\ncommissioned or petty officer, \r\nsoldier, sailor or airman, or \r\nany of the said forces and \r\nserving in such capacity; \r\n(f) for pensions or \r\nallowances by persons \r\nreceiving such pensions or \r\nallowances in respect of their \r\nservices as such, non -\r\ncommissioned or petty \r\nofficers, soldiers, sailors or \r\nairmen, and not serving the \r\nState in any other capacity; \r\n \r\n(g) given by a headman or \r\nlambardar for land -revenue or \r\ntaxes collected by him; \r\n \r\n(h) given for money or \r\nsecurities for money \r\ndeposited in the hands of any \r\nbanker to be accounted for: \r\n \r\nProvided that the same is not \r\nexpressed to be received of, \r\nor by the hands of, an y other \r\nthan the person to whom the \r\nsame is to be accounted for: \r\n \r\nProvided also that this \r\nexemption shall not extend to \r\nreceipt or acknowledgment for \r\nany sum paid or deposited for, \r\nor upon a letter of allotment of \r\na share, or in respect of a call \r\nupon any scrip or share of, or \r\nin, any incorporated company \r\nor other body corporate or \r\nsuch proposed or intended \r\ncompany or body or in respect \r\nof a debenture being a \r\nmarketable security. \r\n \r\n3. Amendment in Act XXXII of 1958 .– In the Punjab Motor Vehicle Taxation \r\nAct, 1958 (XXXII of 1958), in the SCHEDULE: \r\n(a) at S.No.1, in clauses (a) and (b), in column No. 2, for the figure \r\n“1200”, the figure “1500” shall be substituted; and \r\n(b) at S.No.4, in clause (b), in sub -clause (i) and in the proviso \r\nthereto, in column No. 2 , for the word “ten”, wherever occurs, \r\nthe word “fifteen” shall be substituted. \r\n4. Amendments in Act XLII of 2012.– In the Punjab Sales Tax on Services Act \r\n2012 (XLII of 2012): \r\n(1) In section 2, after clause (9), the following new clauses (9A) and (9B) \r\nshall be inserted: \r\n“(9A) “commission\" includes any consideration in whatever form, received or \r\nreceivable directly or indirectly, by a person acting on behalf of \r\nanother person for services rendered, not being professional services, \r\nin the course of buying o r selling of goods or services or in relation to \r\nany transaction relating to any asset, valuable article or thing, not \r\nbeing securities; \r\n“(9B) “commission agent” means a person who acts for consideration on \r\nbehalf of another person for sale or purchase of goods or provision or \r\nreceipt of services, and includes any person who, while acting on \r\nbehalf of another person: \r\n(a) deals with goods, services or documents of title of such \r\ngoods or services; \r\n(b) collects payment in lieu of such goods or services; \r\n(c) guarantees for collection or payment for such goods or \r\nservices; or \r\n(d) undertakes any activity relating to sale or purchase of \r\nsuch goods or provision or receipt of services.”. \r\n(2) In section 6, in subsection (1), in clause (b), after the word “movable” \r\nthe words “or immovable” shall be inserted. \r\n(3) In section 18, for subsection (1), the following shall be substituted: \r\n“(1) Notwithstanding anything to the contrary contained in this Act \r\nor any other law for the time being in force, tax in respect of a taxable \r\nservice provided during a tax period shall be paid by a person at the \r\ntime of filing the return in respect of that period under Chapter VI.”. \r\n(4) In section 27: \r\n (1) in subsections (1) and (2), for the word “Authority” wherever \r\noccurs, the word” Commissioner” shall be substituted; and \r\n (2) for subsection (3) the following shall be substituted: \r\n“(3) The Authority may, by notification in the official \r\nGazette, authorize any other officer to perform any of \r\nthe functions under this section relating to compulsory \r\nregistration of a person for any of the taxable \r\nservices.”. \r\n(5) In section 31, in subsection (5), for the expression “Companies Ordinance, \r\n1984 (XLVII of 1984) ”, the expression “Companies Act, 2017 (XIX of 2017) ” \r\nshall be substituted. \r\n(6) In section 32, in subse ction (1), for the word “six”, the word “eight” shall be \r\nsubstituted. \r\n(7) In section 35, in subsection (1), the words “a designated bank or any other \r\noffice specified by” shall be omitted. \r\n(8) In section 48, in subsection (2), in the TABLE, in columns 1 to 4, after \r\nS.No.14, the following new entries shall be inserted: \r\n“15 Where any person: \r\n(a) avoids, denies or \r\nobstructs installation of \r\nelectronic invoice monitoring \r\nsystem at a business \r\npremises; or \r\n(b) fails to comply with the \r\nelectronic invoice monitori ng \r\nsystem or issues invoices \r\nbypassing the system. \r\nSuch person shall be \r\nliable to pay a penalty of \r\nup to one hundred \r\nthousand rupees, but not \r\nless than twenty five \r\nthousand rupees. In case \r\nof three acts of \r\ncommission or omission, \r\nthe business premises of \r\nsuch person may further \r\nbe liable to be sealed for \r\na period which may \r\nextend to one month. \r\n59A \r\n16 Where any person: \r\n(a) causes intentional \r\ndamage to or intervention in \r\nthe electronic invoice \r\nmonitoring system; or \r\n(b) impedes or obstructs \r\ntransmission of in voice data \r\nto the Authority. \r\nSuch person shall be \r\nliable to pay a penalty of \r\none hundred thousand \r\nrupees for each act of \r\ncommission. In case of \r\nthree acts of such \r\ncommission, the business \r\npremises of such person \r\nshall be liable to be \r\nsealed for a period wh ich \r\nmay extend to one month \r\nand such person shall \r\nfurther be liable, upon \r\nconviction by a Special \r\nJudge, to imprisonment \r\nfor a term which may \r\nextend to one year, or \r\nwith fine which may \r\nextend to the amount \r\nequal to the tax payable \r\nfor the tax period to whi ch \r\nthe offence relates, or \r\nwith both.” \r\n59A \r\n(9) In section 52, in subsections (1) and (2), for the word “five” wherever occurs, \r\nthe word “eight” shall be substituted. \r\n(10) After section 59, the following new sections 59A and 59B shall be inserted: \r\n“59A. Power to Seal the Business Premises .– When an officer of \r\nthe Authority not below the rank of Commissioner has reason to \r\nbelieve that the Act or the rules made thereunder are not obeyed and \r\nobserved at a business premises, he may by an order in writing, sea l \r\nthat premises for a period which may extend to one month upon giving \r\na notice in writing to this effect. \r\n 59B. Monitoring or Tracking by Electronic or other Means .– (1) \r\nSubject to such conditions, restrictions and procedures, as it deems fit \r\nto impose, t he Authority may, by notification in the official Gazette, \r\ndetermine any registered person or class of registered persons or any \r\nof the services or class of services in respect of which monitoring or \r\ntracking of provision of service or services may be enfo rced through \r\nelectronic or other means. \r\n(2) The Authority may, in the prescribed manner, devise \r\nand enforce an electronic system for monitoring and capturing the \r\ntransactions recorded or the invoices issued by a registered person or \r\na class of registered p ersons or a service or services or class of \r\nservices, and for transferring the electronic information so obtained to \r\nits computer system at such times as it deems fit. \r\n (3) The Commissioner may order, as and when required, \r\nvideo vigilance of the economic activity of a registered person or class \r\nof registered persons to monitor provision of taxable services including \r\ncounting of heads of visiting customers, occupancy of sitting space \r\nand regularity of issuance of invoices. \r\n (4) For the purpose of this sect ion, the Authority shall, in \r\nthe prescribed manner, take measures for the security protection and \r\nprocessing of personal data of natural persons. \r\n (5) From such date as may be specified by the Authority, \r\nthe persons providing or rendering taxable service s shall compulsorily \r\nuse such electronic means, modes or systems, as may be prescribed \r\nby the Authority for issuance of tax invoice.”. \r\n(11) After section 67, the following new section 67A shall be inserted: \r\n“67A. Reference to the High Court .– (1) A referen ce to the High \r\nCourt shall lie only if a question of law is involved in a case. \r\n (2) Notwithstanding anything contained in section 67, a \r\ntaxpayer or the officer not below the rank of Additional Commissioner, \r\naggrieved by any decision or order of the App ellate Tribunal may, \r\nwithin sixty days of communication of such decision or order, prefer a \r\nreference, in the prescribed form, along with a statement of the facts \r\nof the case and the question of law involved in that case to the Lahore \r\nHigh Court Lahore. \r\n (3) The reference under this section shall be heard by a \r\nBench of at least two Judges of the High Court and the provisions of \r\nsection 98 of the Code of Civil Procedure 1908 (V of 1908) shall apply \r\nmutatis mutandis to such reference. \r\n (4) The High Court shall send a copy of its judgment under \r\nthe seal of the Court to the Appellate Tribunal. \r\n (5) Notwithstanding a reference preferred in the High Court \r\nunder this section, the tax shall be paid in accordance with the order \r\nof the Appellate Tribunal. \r\n (6) If the tax liability is reduced by the High Court and the \r\nAuthority decides to seek leave to appeal to the Supreme Court, the \r\nAuthority may, within thirty days of the receipt of the judgment in the \r\nreference, apply to the High Court to postpone the refu nd of tax until \r\nthe decision by the Supreme Court. \r\n (7) Section 5 of the Limitation Act 1908 (IX of 1908) shall \r\napply to a reference under this section. \r\n (8) A court fee of rupees one thousand shall be paid for a \r\nreference under this section except when it is filed by the Authority.”. \r\n (12) In Second Schedule: \r\n(i) in serial No.4, in column 2, after the word “businesses”, the words \r\n“including any cash collection incidental thereto” shall be inserted; \r\n(ii) in serial No.7, in column 2, for the exist ing entry, the following shall be \r\nsubstituted: \r\n“Services provided in respect of insurance to a policy holder by \r\nan insurer, including a re-insurer for: \r\n(a) fire insurance; \r\n(b) goods insurance; \r\n(c) health insurance; \r\n(d) life insurance; \r\n(e) marine insurance; \r\n(f) theft insurance; and \r\n(g) any other insurance. \r\n EXCLUDING: \r\n(a) marine insurance for export; and \r\n(b) crop insurance.”; \r\n(iii) in serial No.14, in column 4, for the existing entry, the following shall \r\nbe substituted: \r\n“five percent without input tax credit/adjustment in respect of \r\nGovernment civil works and sixteen percent with input tax \r\ncredit/adjustment for others”; \r\n(iv) in serial No.18, in column 2, the words “including cosmetic and plastic \r\nsurgery and hair transplants” shall be omitted; \r\n(v) in serial No.24, in column 2, aft er the words “convention services” the \r\nexpression “including provision of space, equipment, accessories and \r\nother allied services” shall be inserted; \r\n(vi) in serial No.48: \r\n(a) in column 2, the following shall be omitted: \r\n “EXCLUDING: \r\nServices provided by an individual owner of a vehicle for carriage of \r\ngoods.”; \r\n(b) in column 4, for the words “Sixteen precent”, the words “Fifteen \r\npercent” shall be substituted; \r\n(vii) in serial No.56, in column 2, for the existing entry, the following shall \r\nbe substituted: \r\n “Debt Collection, rent collection and similar other recovery or \r\ncollection services including right to collect the toll or fee or \r\nregulatory fee or duty or any other similar collection; \r\n (viii) in serial No.60, in column 2, for the existing entry, the foll owing shall \r\nbe substituted: \r\n“Services provided by skin and laser clinics, cosmetic and \r\nplastic surgeons and hair transplant services including \r\nconsultation services. \r\n Excluding: \r\n Services provided to acid or burn victims.”; \r\n(ix) in serial No.61, in column 2, for the existing entry, the following shall be \r\nsubstituted: \r\n“Services provided by warehouses or depots for storage or \r\ncold storages including letting of space for storages. \r\nExcluding: \r\nStorage of agriculture produce for the person’s own \r\nconsumption.”; \r\n(x) after serial No. 62, in columns 1 to 4, the following new entries shall \r\nbe inserted at serial No. 63: \r\n \r\n “63 Parking services \r\n \r\nRespective \r\nheadings \r\nSixteen \r\npercent” \r\n \r\n \r\n5. Amendments in Act XLIII of 2012 .– In the Punjab Revenue Authority Act \r\n2012, (XLIII of 2012): \r\n(1) In section 3, in subsection (4), for the words “not less than four members to” \r\nthe words “such number of members as may” shall be substituted. \r\n(2) In Chapter VI, for the heading “APPEALS AND REFERENCES”, the heading \r\n“APPELLATE TRIBUNAL”, shall be substituted. \r\n(3) In section 18, in subsection (3), in clause (a), in sub-clause (iii), after the word \r\n“belongs” the word “or has belonged” shall be inserted. \r\n (4) Sections 19 and 20 shall be omitted. \r\n6. \r\n2\r\n[* * * * * * * * * * * * ] \r\n \r\n2\r\nOmitted by the Punjab Finance A ct 2019 (XV of 2019), published in the Punjab Gazette (Extraordinary), dated: 28 June 2019, \r\npp. 4105-4114, s. 9.", "passage_offset_convention": "zero-based Unicode code points and UTF8 bytes; end exclusive", "passages": [ { "passage_id": 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