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Sales tax paid on Assets purchase

 
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Sales tax paid on Assets purchase
Sheraz Ahmad
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#4
12-21-2009, 09:11 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Sarfaraz.alam</i>
<br />Thank for reply.

Suppose that if the company owned a Vehicle in September 2009, and forget to adjust the sales tax in return for the M/O September 2009, than what should be the next step.



<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by LapTop</i>
<br />Sales tax charged on the acquisition of fixed assets shall be adjustable against the output tax in twelve equal monthly installments.

<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote"> If a Sales Tax Payer didn't claim any adjustment with in the relevant month then it may be adjust in next month.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
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Messages In This Thread
Sales tax paid on Assets purchase - by Sarfaraz.alam - 12-19-2009, 04:45 PM
[No subject] - by LapTop - 12-19-2009, 07:46 PM
[No subject] - by Sarfaraz.alam - 12-21-2009, 07:26 PM
[No subject] - by Sheraz Ahmad - 12-21-2009, 09:11 PM
[No subject] - by Riftaj - 12-22-2009, 02:59 PM
[No subject] - by LapTop - 12-22-2009, 08:26 PM
[No subject] - by Information Consultant - 05-14-2011, 10:23 PM

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