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Sales Tax for April 2011
05-11-2011, 04:53 AM
Post: #1
Sales Tax for April 2011
Dear All,

Since Govt has taken back zero rated tax in its notification, I want to know how to submit sales tax for April 2011. There are two theories being discussed

1. We should prepare all sales tax invoices for April 2011 just like before. i.e. 17% GST and 2.5% FED.

2. Since the new SRO was released on 27th April 2011, we should prepare sales tax invoices like this. i.e. From April 1 to April 26 0% GST and 0% FED and from 27 and onward 17% GST and 2.5% FED.

In my example, I have already prepared and despatched sales tax invoices with option 1 (17% GST & 2.5% FED). But some ppl are saying that it is wrong and go for option 2. But in this case, our output will be very less than our input and we will have to go for refund for just one month (

So plz give me your expert opinion over this issue.

Regards.
Khurram.
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