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Adjustable sales tax input
04-30-2010, 04:50 PM
Post: #1
Adjustable sales tax input
Can anyone tell whether the input sales tax paid on following items is adjustable or not?

<ul><li> </li><li> </li><li> </li></ul>Electricity bill - when bill is not the name of company but on owners name.

<ul><li> </li><li> </li><li> </li></ul>Petrol purchased / consumed by the company for company's vehicles

<ul><li> </li><li> </li><li> </li></ul>bills of courier services

Regards,

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04-30-2010, 05:30 PM
Post: #2
 
General Rule Input is allowed on goods purchased for the purpose of business

Make a request to KESC to incorporate your GST number on the bill no matter if the bill is on owners name, but ur GST number should be mentioned on bill

Do u know any patrol station issuing GST invoice, please let me know

I hope that i have answered your query

Regards
Anfal Shabbir
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05-01-2010, 05:24 AM
Post: #3
 
nice anafal..
well courier services are covered in sales tax provincial ordinance so fed is charged on courier services @ 16%..
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05-04-2010, 02:35 PM
Post: #4
 
thanks dear.

PLeae do tell me about the adjustment of these items too;

FED paid on air tickets for business development.

Hotel and restuarant bill for dinners with clients.

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05-04-2010, 05:19 PM
Post: #5
 
dear Star

for air tickets see fed excise sro550(1)2006 and tax paid on entertainment of clients is not alloewed as input tax vide sro 490(1)2004 sales tax

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Anfal
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05-04-2010, 10:19 PM
Post: #6
 
Dear please tell about following also whether it is adjustable or not?

Courier services charges

Mineral water charges

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05-04-2010, 10:54 PM
Post: #7
 
Taxable Services is any service provided by a courier company in relation to delivery of documents, goods or articles
No sales tax on office mail where the consignee and consignor are the same person
Refund may be claimed in respect of courier services related to export of goods where a goods declaration has been filed, treating such services as zero rated
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05-05-2010, 02:41 PM
Post: #8
 
If company is sending letters to its clients on daily basis through courier in compliance with the applicable Regulations on the company. WOuld such sales be adjustable.

Mineral water charges ??????
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05-05-2010, 07:49 PM
Post: #9
 
input tax is admissible on courier charges if used for the business and miniral water comes under entertainment and entertainment is specifically disallowed vide sro no.490(1)2004

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Anfal Shabbir
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05-05-2010, 09:46 PM
Post: #10
 
<b>Sales Tax paid on Electricity Bill.</b>
The registered consumers shall be entitled to claim input tax adjustment against such invoice after the bill has been paid, as per the provisions of section 7, 8 and 8B of the Act provided the bill contains registration number and address of the business premises declared to the Collector by such consumer.

<b>Sales Tax paid on Patrol.</b>
Sales tax invoice cannot be issued by the patrol pump operators. The registered consumers shall not be entitled to claim input tax adjustment.
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05-05-2010, 10:44 PM
Post: #11
 
LapTop,

Sales tax paid on mineral water charges would be adjustable?
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05-06-2010, 02:30 AM
Post: #12
 
Star Bhai,,,,,,,,,

mineral water, serial No.3, Third Schedule, sales tax act may darj hay,,,, or Third Schedule may jo item aaty han un ki prise retail hoti hay,,,,,
or ik retailor ko ikhteyar nahi hay k wo aap ko sales tax invoice issue kary,,,,, jab aap k pass sales tax invoice na ho to aap input kaysy claim kar sakty han,
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05-06-2010, 06:08 PM
Post: #13
 
I have sales tax invoice from a distributor of Nestle Pakistan which contains all the information of sales tax invoice.
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05-06-2010, 08:36 PM
Post: #14
 
<b>Section 8 of “The Sales Tax Special Procedures Rules, 2007”</b>

Issuance of invoice or cash memo.— Every retailer operating under these rules shall issue serially numbered invoices or, as the case may be, cash memos generated whether manually or through FECR in respect of each supply made by him.

<b>“SPECIAL PROCEDURE FOR PAYMENT OF SALES TAX BY RETAILERS”</b> is procedure may retailer invoice to issue kary ga par wo sales tax invoice nahi ho gi jis k bina par aap input tax claim kar sako.

The provisions of this Chapter shall apply to the registered persons, including jewellers, who make supplies from retail outlets to final consumers and such persons shall be deemed to be retailers in respect of such supplies for the purposes of this Chapter.
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05-27-2010, 04:28 PM
Post: #15
 
Dear Star,
u can adjust mineral water salex tax , if u have a sales tax invoice from the customer, we are recovering our sales tax, Nestle distributor issues a Sales tax invoice for the same. but make it sure ur water is using for the production.

same as it is PSO provides Sales Tax invoices for fuel to recover tax, but again the vehicle u r using must be for ur production or operations. like generator, transporter etc.

u can not adjust courier tax because u r a final consumer for this, this activity does not value add in ur production. absorb it in ur cost.

Regards,
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