06-17-2010, 03:47 PM
Dear Forum Members!
I have a question regarding sales tax matter and em confuse in this question, i need your kind supportive and reasonable comments in respect of following question in the light of sales tax act-1990.
Q> Let suppose we purchased some raw material from supplier in apr-10
Value excluding s/tax 25000
18 % sales tax 4500
Sub Total 29,500
*Pls. remember our payment period is 30 days to supplier. and payment is to be made in May-10.
My question is that does supplier submit his out put tax liability after payment by us? means after 30 days as above??
dear friend pls write your comments as soon as possible.
Regards
Muhammad Umar
I have a question regarding sales tax matter and em confuse in this question, i need your kind supportive and reasonable comments in respect of following question in the light of sales tax act-1990.
Q> Let suppose we purchased some raw material from supplier in apr-10
Value excluding s/tax 25000
18 % sales tax 4500
Sub Total 29,500
*Pls. remember our payment period is 30 days to supplier. and payment is to be made in May-10.
My question is that does supplier submit his out put tax liability after payment by us? means after 30 days as above??
dear friend pls write your comments as soon as possible.
Regards
Muhammad Umar
