03-21-2006, 06:31 PM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Ghulam Mustafa</i>
<br />Dear Friends
I want to understand what type of input taxes can be claimed under Section 8 of Sales Tax Act 1990. Do these also include those paid on purchase / import of Fixed Assets used in manufacturing and administration.
Regards.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Hi
Ya, if the mentioned fixed assets are used for taxable activities then input tax paid on them is adjustable against output tax.
ICAPians, the unparalleled..
<br />Dear Friends
I want to understand what type of input taxes can be claimed under Section 8 of Sales Tax Act 1990. Do these also include those paid on purchase / import of Fixed Assets used in manufacturing and administration.
Regards.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Hi
Ya, if the mentioned fixed assets are used for taxable activities then input tax paid on them is adjustable against output tax.
ICAPians, the unparalleled..
