Determination of tax liability for supplies under tax law

Section 7 of Sales Tax Act, 1990 has defined determination of tax liability for supplies made by registered persons. The Federal Board of Revenue (FBR) issued the Sales Tax Act, 1990 updated up to June 30, 2021. The Act incorporated amendments brought through Finance Act, 2021. Following is the text of section 7 of Sales Tax Act, 1990: 7. Determination of tax … Continue reading Determination of tax liability for supplies under tax law