Sales Tax on Computer Hardware - Printable Version +- 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: Sales Tax on Computer Hardware (/showthread.php?tid=3606) |
Sales Tax on Computer Hardware - fastxs - 07-25-2006 Advice needed for the following, someone pls help. If we are a supplier of computer hardware products but not an importer. Then 1. Should I get registered with the Salestax Dep't? 2. or is it only for the importers. How do I bill my Customers? 1. When I recieve sales Tax invoice from my Supplier 2. In case the supplier does not provide me with Sales Tax invoice the what procedure should I follow to bill my customers. - Abdur.Rehman - 07-29-2006 You shud get registered if u r a wholesaler or distributor, or if u r a retailer and ur sales exceed 20 million in a year. If not so u need not be registered If u get a sales tax invoice, u shud apply rate of 15 % on gross amount and received amount from ur customer. Then u will have to pay the differential of tax taken by u and tax paid by u to the CBR. But if u dont get a tax invoice u can not claim the tax deducted by u as an adjustment to the tax paid by u. - massoodakhter - 07-30-2006 well you are very much right mr ABDUL REHMAN except the threshold is rs. 5,000,000 and not 20.00 million |