Accountancy Forum

Advice needed for the following, someone pls help.

If we are a supplier of computer hardware products but not an importer. Then
1. Should I get registered with the Salestax Dep't?
2. or is it only for the importers.

How do I bill my Customers?
1. When I recieve sales Tax invoice from my Supplier

2. In case the supplier does not provide me with Sales Tax invoice the what procedure should I follow to bill my customers.

You shud get registered if u r a wholesaler or distributor, or if u r a retailer and ur sales exceed 20 million in a year.
If not so u need not be registered
If u get a sales tax invoice, u shud apply rate of 15 % on gross amount and received amount from ur customer. Then u will have to pay the differential of tax taken by u and tax paid by u to the CBR.
But if u dont get a tax invoice u can not claim the tax deducted by u as an adjustment to the tax paid by u.

well you are very much right mr ABDUL REHMAN except the threshold is rs. 5,000,000 and not 20.00 million