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90 % input tax , section 8 B
08-25-2010, 05:40 PM
Post: #1
90 % input tax , section 8 B
Registered persons specified below shall be excluded from the purview of the said sub-section (1) of section 8B–[/b]

1- Persons registered in electrical energy sector.

2- Oil marketing companies and petroleum refineries.

3- Fertilizers manufacturers.

4-Manufacturers consuming raw materials chargeable to sales tax at the rate of 18.5% or 21% provided value of such raw materials exceeds 50% of value of all taxable purchases in a tax period.

5- Wholesalers-cum-retailers operating in Chapter XII of the Sales Tax Special Procedures Rules, 2007.

6- Commercial importers provided the value of imports subjected to 2% value addition tax under Chapter X of the Sales Tax Special Procedures Rules, 2007, exceeds 50% of value of all taxable purchases in a tax period.

7- Person making zero-rated supplies provided value of such supplies exceeds 50% of value of all taxable supplies in a tax period.

8- Distributors and wholesalers.

9- Gas distribution companies.

10- Solvent extracting units of edible oils.

11- Telecommunication Services

12- Pakistan Steel, Bin Qasim, Karachi


*************

Dear laptop,
as per point no.4 for manufacturer, please specify,if we claim only 90% input tax, then what will be remaining 10 %??? later is there any refund or claim for this amount? its not a serious loss?? what should be the company do for it ? please urgent
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08-25-2010, 07:59 PM
Post: #2
 
Daykyn jo log 100% ki jaga 90% input tax adjust karty hayn un ki calculation kuch is tarhan say ki jati hay,,, missal k tor par,,,,

July may Input Tax tha 50,000/-
Or Out Put tax tha 40,000/-

Ab ham Input Tax sirf Output ka 90% adjust kar sakty han yani

Output tax 40,000/- ka 90% = 36,000/-

Tax Liability nikalny ka formula ho ga ,
Input tax – Output tax=
36,000 – 40,000 = 4000

4000/- ap ko return k sath pay karma pary ga sales tax…

ab chunky ap ka Input to 50,000 tha par ap nay 36,000 adjust kiya is waja say baki ka input tax carry forword ho jaye ga 14,000/-

isi tarhan aap ko 12 mahiny calculation karni ho gi,, agar phir bhi koi Input Tax carry forword ho raha ho ga to aap refund lay sakty han usy,,,
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08-25-2010, 08:29 PM
Post: #3
 
OH ..yani k jab hamara output tax kam ho ga input tax se to us waqt ham 90% par ayen gai..otherwise ham 100% adjust kar k baqe ka pay karden gai?
m i right?
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08-25-2010, 08:35 PM
Post: #4
 
JI nahi,,,,

Ye jo uper business diye howay han na sirf ye hi 100% input adjust kar sakty han in k ilawa koi bhi (90% of output)Input tax adjust kary ga.
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08-26-2010, 02:27 PM
Post: #5
 
again confused...

yani k agar out put tax rs.100
and input tax rs.80

ab kitna tax pay kare ga ?

.............

if oytput tax rs.80
and input tax rs.100

ab kitna tax pay kare ga?

plz calculate b kardo farrukh bhai...$
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08-26-2010, 07:36 PM
Post: #6
 
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Sarfaraz Khan</i>
<br />again confused...

yani k agar out put tax rs.100
and input tax rs.80

ab kitna tax pay kare ga ?

.............

if oytput tax rs.80
and input tax rs.100

ab kitna tax pay kare ga?

plz calculate b kardo farrukh bhai...$
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">


agar Output 100 hay or Input 80 then,
Output tax -(90% of output)Input tax
100 - 80 = 20 Payable


agar Output 80 hay or input 100 then,
Output tax -(90% of output)Input tax
80 - 72 = 8/- payable
28/- carry forword
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08-26-2010, 08:07 PM
Post: #7
 
WAOO ..yani k agar output tax zada hua to chaye 'YES' karo chaye 'NO' payble ghuma phera k braber he ae ga..serif problem jab hoge jab input zada hoga..then 90% ka adjusment milye ga baqe payment k bad cary forward...

thek hai janab..sab samjh agaya )..JazakAllah..Allah ap ko or kamiabe de..ameen
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08-26-2010, 08:59 PM
Post: #8
 
Ameeeeeeeeeeeeeeeeeeeeeen , hahahah
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08-27-2010, 04:19 AM
Post: #9
 
it means whatever the condition is atlkeast 10% of the output tax must be paid by the registered person??
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08-27-2010, 03:05 PM
Post: #10
 
xactly right..bas ap ankhain band kar k 'NO' p click kar do..ap ka tax kahin nahi jai ga..a hesab braber rahe ga thora gaye pechye ho jai ga bas P
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08-27-2010, 08:34 PM
Post: #11
 
JI safoora bhai ap bilkul theek samjhy,,,,,,
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08-29-2010, 04:12 AM
Post: #12
 
behan safoora behan pleeezz!!!
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08-29-2010, 10:01 PM
Post: #13
 
Ab aap nay nick hi aysa rakha howa hay ji SAFOORA, agar girl ho to SAFOORI rakhna tha na nick, hahahahahahah
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08-30-2010, 03:16 PM
Post: #14
 
hahahahhaha Farrukh bhai she is a girl..and Safora is a Islamic girl name..)..and meet her in general discussion ..she is a nice girl )..
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08-30-2010, 03:36 PM
Post: #15
 
<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 />Ab aap nay nick hi aysa rakha howa hay ji SAFOORA, agar girl ho to SAFOORI rakhna tha na nick, hahahahahahah
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
nick nai hay yehh name hay meraaa..!![(]
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