07-14-2011, 11:01 PM
I need a clarification as being a commercial Importer; my Tax consultant is pushing me to charge my customers additional 5% of GST (as per finance Bill) in addition to existing rate of 16% and his statement is based on SRO 283(I)/2011 whereas I think, this 5% is to be charged by the Exporter (to whom I have sold the zero rated product as per this SRO) when he sells something to local customer other than exporting it to some foreign buyer whereas for a commercial importer rate will be either 0% in case of zero rated or 16% in case it is not zero rated.
Please help me in understanding this.
Please help me in understanding this.
