+- Accountancy Forum (https://www.accountancy.com.pk/forum)
+-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4)
+--- Forum: Tax (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=8)
+--- Thread: Excise and Taxation Charges (/showthread.php?tid=10639)
Excise and Taxation Charges - SalmanKhan1982 - 12-07-2011
Asalam O Alikum,
Can anyone know about the formula of Excise and taxation charges or is there any schedule?
Actually We are importing Printers from dubai, i am facing problem during costing of printers., that what will charge to us excise and taxation dept. on port our qty of printer is 250.
Waiting your reply.
- Information Consultant - 02-14-2012
may be the following links help u
http//www.sindh.gov.pk/dpt/Excise%20&%20Taxation/adp.htm
- mudassir.ali - 02-16-2012
From 0.8% - 0.85% of assessable value as infrastructure tax.
Rate depends upon destination from Karachi to anyother city of Pakistan.
If in Karachi, 0.8% of assessable value as appraised by customs.
- Information Consultant - 02-16-2012
Dear Muddasir
Pls confirm the rate u mentioned in ur post ie .8 % to .85% . As per my understanding from the excise dept website infrastructure is .5 % c & f value .
Appreciate ur interest in the forum activity
- mudassir.ali - 02-17-2012
Excise deptt web site may not be updated, you may check Sindh Taxes Rates Schedule 2011-12 available on website of finance department of Sindh Govt. Please check the following link
http//www.fdsindh.gov.pk/site/userfiles/other%20budget%202011-12/7.%20Volume-VII%202011-12%20(GOS).pdf
Further actual calculation of the tax will be based upon Assessed value, which is normally C&F * Exchange rate.
- Information Consultant - 02-17-2012
thanks
RE: Excise and Taxation Charges - Julia Roberts - 06-12-2014
Hii,
In the MM pricing procedure, insert subtotal '4" against the condition type of Trf chrg sales. Now, this condition will be added to the tax base value. Create a new po and test the scenario.Hope this will help.