Registered person defined under sales tax
Sales tax laws have defined ‘person’ for determining transactions i.e. supplies and purchases and application of sales tax rate. The Sales Tax Act, 1990 [updated June 30, 2020 issued by the Federal Board of Revenue (FBR)] explained the following: (21) “person” means,– (a) an individual; (b) a company or association of persons incorporated, formed, organized […]
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