Taxes

Sales Tax Appeals, Limitation, Statement, Condonation of Delay

Procedure of Sales Tax Appeals

Sales Tax Appeals, The Collector of Sales Tax (appeals) may, after giving both parties to the appeal an opportunity of being heard, pass such order as deemed fit, confirming, varying, altering, setting aside or annulling the decision or order appealed against Appeals to Collector Appeals An appeal can be filed with the Collector (appeals) against …

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What is Sales Tax Audit, Types, Eligibility, Process, Audit Check List

What is Sales Tax Audit

Sales Tax Audit: Through Finance Act, 2018 Sales Tax Audit under section 25 of the Sales Tax Act, 1990 to be conducted only once in every three (3) years. What is a Sales Tax Auditor Sales Tax Auditors are primarily responsible for examining the accounting records of companies engaged in business within the Town to …

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List of Sales Tax Record, Payments Receipts and Documents in Law

List of Sales Tax Record

List of Sales Tax Record, the record of Purchases and Imports should indicate the following details of goods purchased or received or services hired: Description; Quantity; Value; Name, address and registration number of the supplier, Amount of tax paid on purchases. Record of Payment Receipts All payment so receipts of amount of sales tax on …

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Record of Sales in Law, Advantages & Disadvantages, Types, Importance

Record of Sales in Law, Advantages & Disadvantages, Types, Importance

Record of Sales in Law, Sales Invoices are source documents that provide a record for each sale. Sales Revenues equal the selling price of all products that are sold. In accordance with the revenue recognition principle, sales revenue is recognized when a customer receives title to the merchandise, regardless of when the money changes hands. …

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How to Logging Into Efile Returns in FBR or Iris

How to Logging Into Efile Returns

Logging Into Efile Returns in FBR or Iris, in order to pay your Sales Tax dues, the person has to log into efile. Alternate Delivery Channels (ADC) Kindly refer to the user guide in order to make your tax payment through Alternate Delivery Channels (ADC) such as ATMs and Internet Banking. Penalty for Late Payment …

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Documents Required for Refund Claim Sales Tax in Law

Documents Required for Refund Claim

Documents Required for Refund Claim as per Law, Monthly Sales Tax Return filed by a claimant shall be treated as a refund claim once all the supportive documents including the requisite data in the format or software has been received. No refund claim shall be entertained if the claimant fails to furnish the claim on …

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