07-29-2006, 05:23 AM
You shud get registered if u r a wholesaler or distributor, or if u r a retailer and ur sales exceed 20 million in a year.
If not so u need not be registered
If u get a sales tax invoice, u shud apply rate of 15 % on gross amount and received amount from ur customer. Then u will have to pay the differential of tax taken by u and tax paid by u to the CBR.
But if u dont get a tax invoice u can not claim the tax deducted by u as an adjustment to the tax paid by u.
If not so u need not be registered
If u get a sales tax invoice, u shud apply rate of 15 % on gross amount and received amount from ur customer. Then u will have to pay the differential of tax taken by u and tax paid by u to the CBR.
But if u dont get a tax invoice u can not claim the tax deducted by u as an adjustment to the tax paid by u.
