Lahore, Pakistan – The Punjab Revenue Authority (PRA) is poised to introduce a new sales tax return module for businesses providing services within Punjab. This move marks a significant step towards a fully automated and paperless tax system.
The new return module, which will be launched in August 2024, is designed to streamline the tax filing process for taxpayers. It incorporates various calculations, checks, and verifications to ensure accurate and efficient tax assessment.
One of the key benefits of the new return module is its web-based and e-interactive nature. This allows for a paperless environment and eliminates the need for physical visits to PRA offices. Taxpayers can now file their returns, apply for extensions, and submit documents online.
To ensure a smooth transition, the PRA has conducted thorough user acceptance testing and plans to organize province-wide workshops to educate taxpayers and stakeholders. User guides will also be available on the PRA website. Business Recorder
The launch of the sales tax return module is part of the PRA’s broader goal of achieving an end-to-end automated tax solution. The authority has already implemented several IT initiatives, including online registration, e-filing, and electronic invoice management systems.
By introducing the new return module, the PRA is demonstrating its commitment to innovation and efficiency in tax administration. This initiative will not only benefit taxpayers but also contribute to the overall development of the province’s economy.
