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+--- Thread: 90 % input tax , section 8 B (/showthread.php?tid=8642)
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90 % input tax , section 8 B - Sarfaraz Khan - 08-25-2010
Registered persons specified below shall be excluded from the purview of the said sub-section (1) of section 8Bâ[/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
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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
- LapTop - 08-25-2010
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 â Output tax=
36,000 â 40,000 = 4000
4000/- ap ko return k sath pay karma pary ga sales taxâ¦
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,,,
- Sarfaraz Khan - 08-25-2010
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?
- LapTop - 08-25-2010
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.
- Sarfaraz Khan - 08-26-2010
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...$
- LapTop - 08-26-2010
<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
- Sarfaraz Khan - 08-26-2010
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
- LapTop - 08-26-2010
Ameeeeeeeeeeeeeeeeeeeeeen , hahahah
- Safoora - 08-27-2010
it means whatever the condition is atlkeast 10% of the output tax must be paid by the registered person??
- Sarfaraz Khan - 08-27-2010
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
- LapTop - 08-27-2010
JI safoora bhai ap bilkul theek samjhy,,,,,,
- Safoora - 08-29-2010
behan safoora behan pleeezz!!!
- LapTop - 08-29-2010
Ab aap nay nick hi aysa rakha howa hay ji SAFOORA, agar girl ho to SAFOORI rakhna tha na nick, hahahahahahah
- Sarfaraz Khan - 08-30-2010
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 )..
- Safoora - 08-30-2010
<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..!![(]