|
1. |
Where to report purchases from unregistered
person? There is no column for the same in
the sales tax return. |
|
2. |
Where to claim the invoices/ GDs relating to
previous periods on which sales tax has been
charged at 15%. There is no column in the
summary of purchases (Annex-A) for such
invoices/ GDs. |
|
3. |
Can all registered persons
claim input tax on fixed assets? |
|
4. |
What
is to be reported in column 4 of the return? |
|
5. |
What
will be treatment to a registered person who
deals in both types of items which are
excluded from section 8B and those that are
not excluded? |
|
6. |
What is to be reported in column 18 of the
main return? |
|
7. |
Is
there any column for refund/ drawback on
account of excise duty? |
|
8. |
How
to treat the carry forward amounts from June
2008 and earlier? |
|
|
|
Q.1 |
Where to report
purchases from unregistered person? There is
no column for the same in the sales tax
return. |
|
Ans: |
The purchases from unregistered persons can be mentioned
in column captioned ‘Others (Pl. Specify _______)’ in Annex-A of the return.
This column can be used to provide information for which no specific column
has been provided in the return. |
|
|
Back to top |
|
Q.2 |
Where to claim the invoices/ GDs relating to
previous periods on which sales tax has been
charged at 15%. There is no column in the
summary of purchases (Annex-A) for such
invoices/ GDs. |
|
Ans: |
Such invoices/ GDs should also be included in column titled ‘Others (Pl.
Specify _______)’. |
| |
Back to top |
|
Q.3 |
Can all
registered persons claim input tax on fixed assets? |
|
Ans: |
The input tax adjustments on fixed assets can be
claimed subject to limitations prescribed in sections 7, 8 and 8B
and or in a notification issued under section 8(1)(b) of the Sales
Tax Act, 1990. |
|
|
Back to top |
|
Q.4 |
What is to be reported in column 4 of the
return? |
|
Ans: |
Against this column, all the input tax which has
been paid but is not adjustable under law is to be mentioned. Such
an input tax may relate exempt supplies or to services which are not
taxable. Inadmissible input tax determined in accordance with the
apportionment rules in the Sales Tax Rules, 2006, is also to be
included here. |
|
|
Back to top |
|
Q.5 |
What will be treatment
to a registered person who deals in both types of items which are
excluded from section 8B and those that are not excluded. |
|
Ans: |
The exclusion is provided to the registered persons falling in the
specified categories. If any registered person fulfils any of the
specified criteria, he is excluded from section 8B and should fill
in the return accordingly. |
|
|
Back to top |
|
Q.6 |
What is to be reported in column 18 of the
main return? |
|
Ans: |
This column is to be filled in by those registered persons who are
also required to deduct withholding sales tax on their purchases
i.e. Government departments, autonomous bodies and public sector
organizations under the Sales Tax Special Procedure (Withholding)
Rules, 2007 (SRO 660(I)/2007 dated 30th June 2007). They shall
report here the total sales tax withheld by them from the payments
made to their suppliers. All other registered persons can leave this
column blank. |
|
|
Back to top |
|
Q.7 |
Is there any column for
refund/ drawback on account of excise duty? |
|
Ans: |
The Federal Excise Act, 2005, provides for drawback of the FED paid
on inputs used in exported goods. Such net drawback shall be payable
as provided in column 33 if conditions mentioned in this column are
fulfilled i.e. the total drawback exceeds all other FED payables. |
|
|
Back to top |
|
Q.8 |
How to treat the carry forward amounts from
June 2008 and earlier? |
|
Ans: |
The amount shown as carry forward in the return
for June 2008 can be shown as brought forward in column 6 of main
return. In no case the brought forward amount should exceed the
amount carried forward in the previous return. |
|
|
Back to top |
|
|
