Feb
5
Definitions
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 […]