Saturday, 15 June 2024
Trending
Sales-Tax-Registration-FBR
Sales Tax Registration with FBR
TAXATION

Persons required to get sales tax registration with FBR

According to section 14 of the Sales Tax Act, 1990, every person who is involved in supplying of “taxable supplies” in Pakistan are required to get sales tax registration. Such persons also include suppliers of zero rates goods.

Top-Tax-Consultants-Lahore-Pakistan-Global-Tax-Consultants
A d v e r t i s e m e n t

Taxable supplies

According to sub-section (41) of section 2, “taxable supply” means a supply of taxable goods made by,

[by an importer, manufacturer, wholesaler (including dealer), distributor
or retailer]

Other than a supply of goods which is exempt under section 13.


Also includes a supply of goods chargeable to tax at the rate of zero per
cent
under section 4

Persons required to get sales tax registration with FBR,

(a) a manufacturer, who is not running a cottage industry;

See also  PM Calls on Cabinet Meeting Tomorrow on Upcoming Budget

COTTAGE INDUSTRY

According to sub-section [(5AB) of section 2,

“cottage industry” means a manufacturing concern, which
fulfills each of following conditions,
(a) does not have an industrial gas or electricity connection;
(b) is located in a residential area;
(c) does not have a total labor force of more than ten workers;
and
(d) annual turnover from all supplies does not exceed three
million rupees.


(b) a retailer, excluding such retailer required to pay sales tax through his electricity bill under sub-section (9) of section 3 of Sales Tax Act, 1990.

(c) an importer;

(d) an exporter who intends to obtain sales tax refund against his zero-rated supplies;

(e) a wholesaler, dealer or distributor; and

(f) a person who is required, under any other Federal law or Provincial law,


Requirement of Sales tax registration – Not engaged in making taxable supplies

(2) Persons not engaged in making of taxable supplies in Pakistan, if required to be registered for making imports or exports, , may apply for registration.


Online-Tax-Course
Ads:

RELATED

Top-Tax-Consultants-Lahore-Pakistan-Global-Tax-Consultants-Tax-News-FBR
A d v e r t i s e m e n t
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]

Tax.net.pk - Your Tax Experts and Consultants

Welcome to Tax.net.pk

Providing Expert Tax Services for Individuals and Businesses

About Us

At Tax.net.pk, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: