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67Sales Tax Return
As per Pakistan - According to section 2(29), return means any return required to be furnished under Chapter-V of the Sales Tax Act, 1990. Under Chapter-V, there are following types of returns: (i) Monthly return u/s 26 ...
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68SALES TAX & FEDERAL EXCISE DUTY BUDGETARY MEASURES (Finance Act, 2011-12)
SALES TAX & FEDERAL EXCISE BUDGETARY MEASURES (FY 2011-12) The important amendments made in Sales TAx and Federal Excise Act through Finance Act, 2011-2012 are briefly discussed as under:- o The budgetary measures pertaining to Sales Tax &...
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55Meant by change in Tax rate and impact on different transactions under the Sales Tax Act, 1990
Change in the rate of tax: If there is a change in the rate of tax, the tax shall be charged in the following ways: i) In respect of taxable supply made by a registered person: A taxable...
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61Sales Tax Registration offered in Pakistan
Registration Registration means the registration of a person under the Sales Tax Act, 1990. Under this act, registration will be required for such persons and be regulated in such manner and subject to...
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68Circumstances where input tax is not allowed
A registered person shall not be allowed to deduct or claim input tax, if it is paid in respect of the following goods or services: 1) Goods or services not used in production of taxable supplies: ...
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62Impacts of compulsory registration on a person whose compulsory registration has been made
A registered person, whose compulsory registration has been made, shall face the following situations: 1) Compliment of law: After compulsory registration by CRO, a registered person is required to comply with all the...
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62Procedure for compulsory registration
Compulsory Registration: [Rule-6] "Compulsory Registration" means a situation where a person is legally liable to be registered but he has not submitted any application for registration under the Sales Tax...
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59Registration through application - the procedure for registration through application
Registration through Application: [Rule-5] A situation where a person, who is liable to be registered under the Sales Tax Act, 1990, files an application for registration and as a result of such...
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59What is the sales tax collection procedure of goods given in the Third Schedule of the Sales Tax Act, 1990?
Following procedure shall be adopted for the chargeability of sales tax of the goods specified under the Third Schedule of the Sale Tax Act, 1990. Rate of tax: Taxable supplies specified in the Third...
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