A Guide to Due Dates for PRA Sales Tax Returns

Staying compliant with the Punjab Revenue Authority (PRA) is crucial for businesses offering taxable services in Punjab. Filing your sales tax returns accurately and on time ensures you avoid penalties and maintain good standing with the authorities. This article provides a comprehensive guide to the due dates for filing PRA sales tax returns for various categories, empowering you to manage your tax obligations efficiently.

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Understanding the Basics:

  • Tax Periods: The PRA operates on a monthly tax period system.
  • Return Forms: The specific form you use for filing your return depends on your business category and registration type.
  • Payment Methods: You can make your tax payments online through the PRA e-payment portal or deposit the amount at designated banks.

Due Dates by Category:

The table below outlines the due dates for filing PRA sales tax returns for the mentioned categories:

Category Due Date for Filing Return (Annexure C) Due Date for Payment
Hotels 18th of the month following the tax period 15th of the month following the tax period
Clubs 18th of the month following the tax period 15th of the month following the tax period
Caterers 18th of the month following the tax period 15th of the month following the tax period
Advertisements on T.V & Radio including Cable T.v 18th of the month following the tax period 15th of the month following the tax period
Custom Agents 18th of the month following the tax period 15th of the month following the tax period
Ship Chandlers 18th of the month following the tax period 15th of the month following the tax period
Stevedores 18th of the month following the tax period 15th of the month following the tax period
Telecommunication 21st of the month following the tax period 21st of the month following the tax period
Insurance And Re-insurance 18th of the month following the tax period 15th of the month following the tax period
Banking Companies 18th of the month following the tax period 15th of the month following the tax period
Non-Banking Financial Institutions 18th of the month following the tax period 15th of the month following the tax period
Stock Brokers 18th of the month following the tax period 15th of the month following the tax period
Shipping Agents 18th of the month following the tax period 15th of the month following the tax period
Courier Services 18th of the month following the tax period 15th of the month following the tax period

Staying Compliant and Avoiding Penalties:

  • Mark your calendars: Note the relevant due dates for your business category and set reminders to ensure timely filing.
  • Maintain accurate records: Keep proper documentation of your sales and tax calculations to support your returns.
  • Seek professional guidance: If you have any doubts or require assistance, consider consulting with a tax advisor familiar with PRA regulations.

By understanding your tax obligations and adhering to the due dates, you can contribute to a transparent financial system and avoid unnecessary complications. Remember, timely filing is not only a legal requirement but also contributes to responsible business practices.

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