ByThe Punjab Revenue Authority (PRA) has announced an extension for the filing of monthly sales tax returns for December 2024, specifically targeting the restaurant sector. In a recent notification, the PRA confirmed that restaurants now have until January 20, 2025, to submit their sales tax returns.
This extension provides additional time for restaurants to meet their compliance obligations without facing penalties for late filing. The move comes as a relief to many businesses in the sector, which often face operational and administrative challenges during the busy holiday season, making it difficult to adhere to standard deadlines.
The PRA’s decision reflects its understanding of the unique demands on the restaurant industry during peak periods and underscores its commitment to facilitating smooth tax compliance. Restaurant owners and operators are encouraged to take advantage of this extension to ensure timely and accurate filing of their returns.
Businesses in the restaurant sector should note that this extension is specific to the December 2024 tax period and does not apply to other industries or subsequent tax periods. The PRA continues to emphasize the importance of adhering to all tax regulations to maintain compliance and support the province’s economic framework.
