Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Federal Excise Duty in Sales Tax Mode
06-10-2010, 05:18 PM
Post: #1
Federal Excise Duty in Sales Tax Mode
Could Anyone Help me in explaining what does Federal Excise duty in sales Tax Mode actually means and also in explaining the difference between Duty Drawback and Refund Claim. Thanks
Visit this user's website Find all posts by this user
Quote this message in a reply
06-15-2010, 02:54 PM
Post: #2
 
if u do not charge federal excise duty on supply/sales, then u cd adjust ur input federal excise duty with ur output sales tax.

if;
ur input federal excise duty on (sales tax mode)..

see.. sales tax act 1990, chapter1, sub section (21a) of section (2)

and see also chapter 2 , section (7)
....

when u go to refund claim ur duty /tax, then u must have to declare ur duty ''draw back'' in monthly return challan for the same amount.

regards,
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)