Dear All Friends!
(LAPTOP, STARR & ABDUL SAMD BHAI)
Your comments very helpful for me and my professional career,
i have a question regarding subject matter, i want a brief discussion for more understanding,
Q) we imports goods either for own consumption and re-export purpose, pls explain that how much tax should be deduct at import stage in both above cases???
Regards
Muhammad Umar - PIPFA(f)
Jo Items aap consume karyn gay us par jo aap nay 16% sales tax diya hay wo ap adjest kar layn gay finished googs say jo aap output hasil karyn gay us kay sath. Or agar aap jo finished good ezempt hay to aap apny input ko us ki cost may shamil kar layn gay.
Or jo items aap re-export karyn gay us pay to sales tax aap nay pay kiya ho ga at the time of import wo refund ho jaye ga aap ko.
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by LapTop</i>
<br />Jo Items aap consume karyn gay us par jo aap nay 16% sales tax diya hay wo ap adjest kar layn gay finished googs say jo aap output hasil karyn gay us kay sath. Or agar aap jo finished good ezempt hay to aap apny input ko us ki cost may shamil kar layn gay.
Or jo items aap re-export karyn gay us pay to sales tax aap nay pay kiya ho ga at the time of import wo refund ho jaye ga aap ko.
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Dear LAP TOP,
Thanx for supportive comments, i want to know that am i getting ur point or not pls confirm after reading below following three different condition.
01) You mean to say k jo goods input tax hum import stage per dety hen usy out put tax domestic sales sy adjust karty hen refund nhi kar skty.
Mera sawal hy k agr hum input tax import stage k ilawah domestic purchase per dety to kya hum domestic sales karty huwy apne excess input tax refund claim nhi kar skty?? ya phr domestic sales per hmesha input tax out put sy adjust hi hoga????
02) exempt input tax ko hum finished product ki cost myn include kar skty hyn agr humny import stage per tax diya hy to, or agar exemp tax hum agr domestic purchase per dyn to kya karengy??
Kindly exemp input tax ki or isy cost myn include karny ki koi entry sy bata dyn taky ye confusion clear ho jaay.
03) ap ne kaha k hum re-export per wo input tax refund ly skty hen jo humny import stage per diya hy,
is query myn mera sawal hy k agr humny domestic purchase per input tax diya hota to kya hum issy out put tax sy adjust karty ya is condition myn is export stage per excess amount ka refund claim karty???
waiting for ur soon reply.
UMAR
Hahahaha umer bhai sorry may nay aap ko confuse kar diya,,
Par aap nay 3 mukhtalif procedure mujh say ik sath poch liye thay na is waja say aap confuse ho gay,
Aap nay 3 sawal kiye hayn or teeno k mukhtalif procedure hayn, may agar phir teeno k jawab don ga na to aap phir confuse ho jayen gay,
Aap ik kaam karyn normal procedure to aap nay parha hi ho ga,, ik bar special procedure for imports, or special procedure for export phar lay to thora concept clear ho jaye ga.
May imports k hawaly say thora clear kar dayta hon,
Daykyn import ka special procedure hay jo k commercial importer follow karty han , ye wo log hoty han jo k koi item import karty han or is may koi change lay bina hi is imported item ko sale kar dayty han,,,,
Is procedure may wo 16% sales tax or 2% additional sales tax dayty han yani k total 18% ho jata hay sales tax,,,,
Missal k tor par agar wo 1 item 100 ka import karty han to is par 18 sales tax dayty han,,,, par jab wo ye imported item sale karty han to un par pabandi hay k wo ye item chayea 101 ka baychyn wo sales tax 18 rupy hi wasol karyn gay jabky daykha jaye to 101 ka 16% k hisab say 16.16 banta hay, han agar importer apna profit margin 13.3% say barha day ga yahni agr wo ye imported item 114 ka sale kary ga to phir wo bound hay k 16% k hisab say 18.24 sales tax charge kary. Ab wo normal procedure ki tarhan output say input deduct kar k refund claim kar sakta hay..
Yad rakhny wali baat ye hay k wo manufacturer jo consumption k liye item import karty han wo 2% additional sales tax nahi dayty or is procedure ko adopt nahi kar sakty.
Input tax ki apportionment kis tarhan ho gi us k liye ik sheet upload kar raha hon usy daykh kar aap ko samajhny may aasini ho gi.
Download-LinkApportionment of Input tax.xlsx http//www.megafileupload.com/en/file/246983/Apportionment-of-Input-tax-xlsx.html
Dear Farrukh,
ap k jawabat waqi bohat informative hotai hain..muj ko thore se confusion he please clear kijeye ga..
exempt supplies main ham total input tax adjust nahi kar tai..yani k ap k de hoi example k mutabiq..
input tax total = 240,000
out put tax total = 160,000
and ham tax pay kar rahe hain..40,000
to es ka mutlab hua k only 120,000 ham input tax adjust kar rahe hain..to remaining 120,000 tax adjust nahi ho ga? kia wo hamara tax loss ho jai ga?
or agar ham us ko cost main shamil kar tai hain to at the time of purchasing ham ko to nahi pata ho ta k agai ye exempt supply ho ga ya normal supply to ham us ko phelai se cost main kaise shamil kar den?
and belfarz cost main shamil kar b dea to es se end consumer ko to high price main he milaye ga goods ab wo chahye Tax k waja se high price ho ya Cost k waja se..to es ka to koi benefit consumer ko nahi mila..to exempt supply k concept se kis ko benefit phonch raha hai..?? bulkai ye to exempt supply ko discourage kar raha hai..
please detail main explain karain..because main yahan bohat confuse hon..and also tell me ur emal ID , i need to in touch with u ..u have a very good and fruitful knowledge )
May explain karny ki koshish karta hon, jo example sheet uplod ki hay usi k hisab say, par ik baat zahan may rakhye ga ye normal procedure hay thek hay.
Hamara total Input hay 240,000
Hamari Taxable sales han 10,00,000 jis par ham 160,000 output tax lay rahay hayn.
Jabky 10,00,000 ki exempt sales kar rahay hayn chonky ye exempt hayn is waja say ham is par output tax lay nahi sakty.
Ab agar ham daykhyn to hona to ye chay k 240,000 input diya hay or 160,000 output liya hay to 80,000 hamara refund banna chayea, magar aysa nahi hota
Aysi surat may input tax ko apportionment karna parti hay taxable sales k hawaly say
Is ka formula sheet may diya howa hay, jab ham formula apply karty han to hamara admissible input tax nikalta hay 120,000,
Ab hamara admissible input tax 120,000 or output tax 160,000 hay is tarhan hamara tax payable banta hay 40,000.
Ab chunky ham nay output tax ki mud may 240,000 diye thay par ham claim sirf 120,000 kar sakty han is liye 120,000 jo k ham claim nahi kar sakty wo hamy exempt item ki cost may hi dalna pary ga, nahi to ham isy recover hi nahi kar sakty.
Dosra sawal aap ka ye thay k aap ko pata nahi ho ga k supply taxable hay ya exempt, to aysa mumkin nahi hay, jab aap koi item bana rahy hoty han to aap ko pata hona chayea k wo taxable hay ya nahi, wasy ye cost accountants ka kam hota hay.
Han ye burden consumer par transfer ho jaye ga,
Han 1 bat or, ye zahan may rakhny wali bat hay k exempt or 0 rated item may bohat farak hay, amm tor par chunky dono par output tax nahi lya jata is liye log ghalti karty han,,,, ye calculation us wakt ho gi jab exempt item ho ga, agar 0 rated ho ga to ye calculation nahi ho gi,
Agar isi example ko layn exempt item ki jaga ham 0 rated item lay lay to calculation kuch yon ho gi,
Input tax 240,000
Out put tax 160,000
Abb ap (90% of output) input tax claim kar sakty han
Yanni 144000 input adjust ho ga or 96000 carry forward ho jaye ga
Input â output = tax liability
144000 â 160000 = 16000
16000 return k sath jama karwayn gay
app ki sare batain correct hain ).. i know the difference of exempt and zero rate..actually ham zero rate supply kartai hain jabhi total input ko total output tax se adjust kar lai tai hain...magar exempt ka for future purpose pocha tha...
Ham 100 % adjust karte hai as a manufacturer because we are excluded from Section 8B(1), under SRO 647(I)/2007..
....
second thing ye k as a commercial importer ham supply pe 16% charge karte hai, now ab 17% or import time pe 18% input tax supply ki 16% sales tax se adjust kar lai tai hain..but app nai kaha k agar 13.3% ka margin na ho to jo amount as a input tax pay kia hai supply p total witna he amount charge karain gai...but ye to last financial year main tha 08-09 main..ab to sab par he 16 % tax charge hota hai...please agar man kuch galat hon es main to correct kijeye ga..
Sarfaraz bhai,,
Commercial importer 09-10 may 16% sales tax dayta tha or 2 % additional sales tax dayta tha, yani k total 18% sales tax dayta tha, par jis item par wo 18% sales tax day raha hay usy bachty wakt 16% lay sakta hay to is tarhan FBR ko to 2% additional sales tax laynay ka koi fayda hi na ho na usy to phir refund karna pary ga, is liye import k special procedure rakha gya hay jaysa k may apni pichli post may bata chuka hon.
ye he to main ke raha hon janab k..18% input tax deduct kar k FBR faida he to utha raha hai ..because jab ap 16 % tax supply p charge kartai ho to agar wo 16 % s.tax ka amount input tax se zada banta hai to wo pora ka pora adjust kar lai ta hai..or zada jab he banai ga jab wo higher profit p sale kare ga..otherwise automatically wo pora adjust nahi kar sake ga..or us ka tax carry forward ho jai ga...jis ka benefit FBR ko ho ga..kion k aek bara amount us k pas carry forward chalta rah ga....and customer k paise investment point of view se phanse rahain gai FBR k pas...business main finance point of view se ye aek bara back draw hai k ap k raqam phanse rahe..because time value of money us ko devalue kar ta rahta hai..
to ab agar koi profit magin kam b rakh ta hai to wo 16 % p he supply karta hai.. or us ka nuqasan us k paise carry forward hotai rahtai hain..its mean k us k investment phanse raht hai...
we are a commercial importer and working a same practice..
Regards,
SRO. 698(I)/96.- In exercise of the powers conferred by section 50 of the Sales Tax Act, 1990, read with sub-section(2) of section 8 thereof, the Central Board of Revenue is pleased to make the following rules, namely.-
1. Short title, application and commencement.-
(1)These rules may be called Apportionment of Input Tax Rules, 1996.
(2)These shall apply to the registered persons who make taxable and exempt supplies simultaneously.
2. Definition.- For the purpose of these Rules,-
(a) "Act" means the Sales Tax Act, 1990; and
(b) "residual input tax" means the amount of tax paid on raw materials, components and capital goods being used for taxable as well as exempt supplies but does not include the input tax paid on raw materials used wholly for making taxable or exempt supplies.
3. Determination of input tax.-
(1)Input tax paid on raw materials relating wholly to the taxable supplies shall be admissible under the law.
(2)Input tax paid on raw materials relating wholly to exempt supplies shall not be admissible.
(3)The amount of input tax incurred for making both exempt and taxable supplies shall be apportioned according to the following formula-
Residual input tax credit on taxable supplies = Value of taxable supplies / Value of taxable + exempt supplies * input tax
(4)Monthly adjustment of input tax claimed by a registered person under these rules shall be treated as provisional adjustment and at the end of each financial year, the registered person shall make final adjustment on the basis of taxable and exempt supplies made during the course of that year.
(5)Any input tax adjustment claimed wrongfully on account of incorrect application of formula spelled out in sub-rule (3) shall be punishable under the respective provisions of law irrespective of the fact that the claim was provisional