Understanding Sales Tax in Pakistan
Sales tax is a form of indirect tax that is levied on the sale of goods and services at each stage of the supply chain. It is one of the […]
Understanding Third Schedule Goods in Pakistan
When it comes to taxation in Pakistan, it is important to understand the concept of third schedule goods. These are also known as Maximum Retail Price (MRP) goods and include […]
Retailers who doesn’t Need to Register for Sales Tax
As a Pakistani retailer, it is important to understand the distinction between Tier I and Tier II retailers when it comes to sales tax. Tier I retailers are bound to […]
Complexities of Input Tax Credits in Pakistan
Claiming input tax credits (ITC) is crucial for businesses in Pakistan to manage their tax liabilities effectively. However, understanding the limitations and regulations surrounding ITC eligibility can be challenging. This […]
Understanding Input Tax Refunds for Sales Tax
As a registered person under the Sales Tax Act, 1990, you might be eligible for a refund of excess input tax paid. This article provides a clear understanding of the […]
10 Things You Need to Know About Sales Tax in Pakistan
Sales tax is a type of indirect tax that is levied on the sale of goods and services. The sales tax rates in Pakistan are relatively complex, and they vary […]
What You Need to Know About In-Active Sales Taxpayers in Pakistan
The Sales Tax Act, 1990 (STA) is a law that governs the levy and collection of sales tax in Pakistan. The STA defines an “in-active taxpayer” as a registered person […]
What is Further Tax in Sales Tax Act
Sales tax is a tax that is levied on the sale of goods and services. In Pakistan, sales tax is levied at a rate of 17%. However, there are some […]
Removal of CNIC/NTN Condition for Sales Tax Invoice
The Finance Bill 2022 has introduced several positive measures, such as progressive taxation, poverty alleviation tax, and deemed income tax on immovable property, among others. However, it also has some […]
Sales Tax on Retail Prices and Third Schedule Items
Sales tax is a tax that is levied on the sale of goods and services. In Pakistan, sales tax is levied at a rate of 18%. However, there are some […]