Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
1/5 part on the registered s/tax supplier invoice
01-31-2010, 07:36 PM
Post: #1
1/5 part on the registered s/tax supplier invoice
if we purchase some goods from the registered sales Tax suppliers and they mentioned/deducted the 16 % sales tax amount. when we making the payments of their invoice. 1/5 part of their sales tax amount will be deducted (sapouse sale tax amount Rs,500/ then we withhold 1/5 Part Rs, 100/= that will be deucted from the invoice) as well as 3.5% income tax on the gross invoice amount then the balance amount to be paid. Is the 1/5 part extra sales tax having in sales tax rules if so on what Section and rules please quoted the reference accrodingly?

<font size="2"></font id="size2"><font color="red"></font id="red">Minhaj
Visit this user's website Find all posts by this user
Quote this message in a reply
02-01-2010, 06:12 PM
Post: #2
 
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by minhajgul</i>
<br />if we purchase some goods from the registered sales Tax suppliers and they mentioned/deducted the 16 % sales tax amount. when we making the payments of their invoice. 1/5 part of their sales tax amount will be deducted (sapouse sale tax amount Rs,500/ then we withhold 1/5 Part Rs, 100/= that will be deucted from the invoice) as well as 3.5% income tax on the gross invoice amount then the balance amount to be paid. Is the 1/5 part extra sales tax having in sales tax rules if so on what Section and rules please quoted the reference accrodingly?

<font size="2"></font id="size2"><font color="red"></font id="red">Minhaj
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Visit this user's website Find all posts by this user
Quote this message in a reply
02-04-2010, 07:34 PM
Post: #3
 
dear please see the sales tax special procedures(witholding)2007 for this<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by minhajgul</i>
<br />if we purchase some goods from the registered sales Tax suppliers and they mentioned/deducted the 16 % sales tax amount. when we making the payments of their invoice. 1/5 part of their sales tax amount will be deducted (sapouse sale tax amount Rs,500/ then we withhold 1/5 Part Rs, 100/= that will be deucted from the invoice) as well as 3.5% income tax on the gross invoice amount then the balance amount to be paid. Is the 1/5 part extra sales tax having in sales tax rules if so on what Section and rules please quoted the reference accrodingly?

<font size="2"></font id="size2"><font color="red"></font id="red">Minhaj
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)