11-04-2011, 12:21 AM
Asalam o Alikum,
Someone help me about tax calculation.
We import some goods (Hardware), At the time of import we paid multiple taxes & Duties i.e.
Sales Tax 1041723/-
Income Tax 387393/-
Add 3% other tax 195322/-
We sale the customer and charged sales tax 16% on our total invoice amount i.e. 1146680/-. But when we received payment from customer they deducted some tax amount i.e. 477,758 against tax adjustment. Also deducted 1% LTU of total invoice amount.
Now i want to know how much i paid to govt. against sales tax and other tax, and which taxes are refundable?
I will be very thankful to you if anyone resolve my query.
Someone help me about tax calculation.
We import some goods (Hardware), At the time of import we paid multiple taxes & Duties i.e.
Sales Tax 1041723/-
Income Tax 387393/-
Add 3% other tax 195322/-
We sale the customer and charged sales tax 16% on our total invoice amount i.e. 1146680/-. But when we received payment from customer they deducted some tax amount i.e. 477,758 against tax adjustment. Also deducted 1% LTU of total invoice amount.
Now i want to know how much i paid to govt. against sales tax and other tax, and which taxes are refundable?
I will be very thankful to you if anyone resolve my query.
