Pakistan Revenue
The Sales Tax Act, 1990 as issued by the Federal Board of Revenue (FBR) as updated up to June 30, 2020 has explained input tax in relation to a registered person. The input tax in relation to a registered person has been explained as: (a) tax levied under this Act on supply of goods to […]
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Associates or Associated Persons have been defined under Sales Tax Act, 1990. Section 2 of Sales Tax Act, 1990 (updated up to June 30, 2020 issued by the Federal Board of Revenue (FBR) explained associates as: (3) associates (associated persons) means, – (i) subject to sub-clause (ii), where two persons associate and the relationship between […]
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Sales Tax Act, 1990 (updated up to June 30, 2020) has defined the active taxpayer. The term ‘active taxpayer’ was introduced through Finance Act, 2015. It has been defined as a registered person who does not fall in any of the following categories, namely:- (a) who is blacklisted or whose registration is suspended in terms […]
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