PRA Registration & Filing of PRA Sales Tax on Services (Punjab Revenue Authority)
PRA Registration for Sales Tax on Services
PRA: Registration with PRA (Punjab Revenue Authority) Sales Tax on Services Filing. Requirement & Process explained. Our Services for PRA Registration/filing are available. Do you want to register your company/firm for PRA Registration for Sales Tax on Services? If yes, this is the right place for you!
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We assist you with registering your business with the relevant departments, including PRA, as per law. We will ensure that your needs are met at every stage of the process of registration and, afterward, monthly e-filing. With over 36 years of experience working with businesses like yours, you can trust us!
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We are Experienced Tax Lawyers, having Offices in Lahore, Karachi & Islamabad
As experienced tax lawyers in Pakistan, we have been helping companies with the registration and e-filing of sales tax/services tax (PRA, SRB, BRA, KPRA) and getting ahead of competitors for over 36 years. With our help, clients from all over the country are e-filing their sales tax with FBR and sales tax on services tax with local PRA authorities.
Don’t wait until it’s too late – Talk to our Tax Manager today about getting started in the process of Sales Tax Registration (if required) or Sales Tax on Services with PRA!
We can provide more information about applying for the GST Registration with the FBR or the Sales Tax on Services Registration with the PRA.
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Mr. Zeeshan Inam,
Sales Tax Registration with the Punjab Revenue Authority (PRA)
The Pakistani government has been working on improving the taxation system and increasing business accountability for quite some time. In order to encourage people to file their taxes, several measures have been taken to tighten the tax net. In terms of taxes, Pakistan is no different from the rest of the world. Punjab Revenue Authority (PRA), an agency of the Punjab government, collects and manages sales tax on services in the province. The tax applies to businesses and individuals providing services in various sectors.
Tax Administration - Punjab Revenue Authority (PRA)
PRA – Semi-Autonomous Revenue Administration is the doctrine that has been used as the model for the PRA model. SARA experiments in developing countries have generally yielded positive results. By acting as a neutral tax law enforcement agency, PRA has ensured that the government’s tax share in economic activity is maximized. While its best efforts are being made to create and maintain a wise balance between tax enforcement and tax facilitation, it will not give up. There is a specific vision, mission, and value set for the Punjab Revenue Authority (PRA).
PRA AIMS TO GENERATE JUDICIOUS REVENUE FOR SUSTAINABLE DEVELOPMENT
PRA aims to reach and stabilize itself at a level where it can generate judicious revenue for sustainable development. PRA strives to achieve such a visionary height by developing a durable system of modern and responsive tax management. Consequently, PRA is entirely committed to the internationally respected values of “professionalism,” “fairness,” and “trustworthiness.”. PRA is working on a very solid human resource (HR) policy to help pool the best available technical talent from multiple sources. Rather than being just a name of an organization, PRA has become an epithet of a philosophy of change on the horizons of fiscal administration.
Tax Administration - Punjab Revenue Authority (PRA)
A variety of channels are used by the government to collect taxes to generate revenue. A government can invest the revenue generated from taxation for national development if it is collected and managed properly.
Businesses and individuals working in the service sector are subject to sales taxes on services. There are different regulations for sales taxes on services in every country. Almost all service providers are subject to this tax in Pakistan. The Punjab government has defined 16 percent as the standard sales tax on services.
Services in Punjab are Subject to PRA Sales Tax
The government’s criteria for determining who is eligible to be registered for sales tax on services have been clearly outlined. Anyone who provides taxable services must register with the PRA. Participants need only fill out one application in order to register as a provider of multiple taxable services. All taxable services must be mentioned in your application, along with your certificates of registration.
Providers of taxable services in more than one province must register separately (in the case of Punjab, this would be with the PRA) and pay tax for services delivered in each province. Registration numbers must appear on all bills, invoices, vouchers, and similar documents generated by registered parties.
There is a need for everyone who is eligible to pay tax to register as soon as possible as the accountability situation in the country is beginning to improve. If you fail to do so, you may face the consequences.
You must submit a sales tax of 17% on services to the government if you are operating in one of the above service sectors. Regardless of where sales tax is applied, government officials may revise these categories at any time.
Registration Requirements for Sales Tax on Services with PRA
You must register with the PRA first before paying sales tax on services. Thanks to digitization, this process is quite straightforward. When you register with the PRA, you will be able to manage your tax payments through the PRA’s online portal.
For the sales tax Registration, the following documents are required:
- Form PST 01
- Individual NTN or corporate NTN (if relevant)
- Individual CNIC or company partners CNIC (if applicable)
- Phone number and email address
- For partnership firm registration, Form C is needed
- Private limited companies, Inc. Form II
- Partnership Deed is required
- Registration of Pvt Ltd companies requires an incorporation certificate, AOA, and MOA
- Paid electricity bill (Photocopy)
- Tenancy agreement and CNIC of business premises’ owner
- Bank Account Maintenance Certificate
You can start the registration process as soon as you have collected all the necessary documents.
The PRA Registration Process
- Visit PRA’s registration portal, and click “e-registration” if you already have an NTN. When this is done, please click on “new e-registration with NTN”.
- Enter your NTN number (if you are registering as a new AOP company) or your CNIC (if you are registering as an individual)
- Enter the required information and click “Ok.”.
- After entering your information, you will be taken to a form that contains information stored with FBR pre-filled.
- If you don’t see your NTN number on the website, you should:
- Double-check that it’s entered correctly
- Use email@example.com to manually enter your NTN into PRA’s database.
- Email message should be composed as under:
- Subject: Add NTN to the database
- Name of Business
- Category of Service Sector
- If you do not have an NTN, you must first register one on FBR’s website
- Once you have entered your NTN/CNIC, you will now be prompted to complete the registration form and provide information about your representative.
Additionally, AOP companies will be required to provide details about their directors and shareholders.
- Provide details about your company after that.
- Next, enter your bank account details.
- Your application is complete, and you can now print it for submission.
PRA will process your application once you have submitted all of your relevant documents. Your passcode and activation details will be sent to you via email and SMS once you have been accepted. Your registration is complete when you receive a PNTN from the PRA.
If the PRA deems it necessary, it may ask you for additional documentation. An applicant’s registration application can also be rejected if there is evidence that the applicant has not supplied the correct information. A 30 day period will follow the submission of the completed application to the authority in which the authority will inform the applicant of the reason(s) for rejection.
Using PRA’s online portal eliminates the need to visit PRA’s offices several times for registration. It will be necessary to deregister yourself if you cease providing taxable services. PRA’s notification regarding sales tax on services provides details on the registration and deregistration processes.
Provincial Tax Authorities
Disclaimer: All information is provided on this portal solely for informational purposes. This portal is not affiliated with the Government website. Please note that this disclaimer also applies to our website, and we may refer to it as ‘us’, ‘we’, ‘our’ or ‘website’. The information on the website has been gathered from various government and non-government sources. We disclaim any liability for errors, injuries, losses, or damages arising from the use of this information. We also disclaim any liability for the availability and authenticity of this information. Our services consist of filling out forms, providing legal advice, and assisting our clients. The departmental processing of the registration forms is not our responsibility. You will have to use a service fee for professionally preparing your application, submitting it to the relevant authorities, and coordinating your application process. You will have to pay any Government fees.