- On 12 September 2023, the Government of Punjab issued a Notification containing a number of measures modifying the sales tax rate or description for a range of services, “with immediate effect.”
- Toll manufacturing services, including industrial and commercial packaging services and similar outsourcing of industrial or commercial processes, have been omitted from the Punjab Sales Tax Act.
- The requirement to collect reverse charge sales tax has been extended to a range of financial institutions.
Source EY
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