12-02-2004, 08:28 AM
it means a supply, which is charged to tax at the zero percentage under section 4 of the sales tax act 1990.
according to section 4 supply of the following goods shall be charged to tax at the rate of zero persentage.
1 goods exported out of pakistan
2 goods specified in the fifth schedule
3 supply of stores and provisions for consumption aboard a conveyance proceeding to a destination outside pakistan
4 such other goods as the fedral goverment may notify.
the following supply of goods shal not be rated as zero rated supply
1 the goods tht are exported but have been or intended to be re-impoted in pakistan
2 the goods tht have been entered for export but are not exported
3 the goods which have been exported to a country , specified by the federal goverment.
regrads
Never seek advice from a Chartered Accountant. They are trained to find problems not solutions.
according to section 4 supply of the following goods shall be charged to tax at the rate of zero persentage.
1 goods exported out of pakistan
2 goods specified in the fifth schedule
3 supply of stores and provisions for consumption aboard a conveyance proceeding to a destination outside pakistan
4 such other goods as the fedral goverment may notify.
the following supply of goods shal not be rated as zero rated supply
1 the goods tht are exported but have been or intended to be re-impoted in pakistan
2 the goods tht have been entered for export but are not exported
3 the goods which have been exported to a country , specified by the federal goverment.
regrads
Never seek advice from a Chartered Accountant. They are trained to find problems not solutions.
