Tag: Sales Tax Act 1990

ISLAMABAD: The Federal Board of Revenue (FBR) has reiterated the legal authority granted under Section 11A of the Sales Tax Act, 1990, regarding the recovery of short paid tax amounts without issuing any prior notice. This provision remains an essential tool for tax enforcement, especially in cases where taxpayers underreport their liabilities.

Section 11 of Sales Tax Act, 1990 has explained assessment of tax and recovery of tax not levied or short levied or erroneously refunded. .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 11 of Sales Tax Act, 1990: 11. […]

Section 10 of Sales Tax Act, 1990 has explained refund of input tax under sales tax law. 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 10 of Sales Tax Act, 1990: 10. Refund of input tax.– (1) If the […]

Section 9 of the Sales Tax Act, 1990 provides a framework for the issuance of debit and credit notes by registered persons.

Section 8B of Sales Tax Act, 1990 has defined provision for input tax adjustment. 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 8B of Sales Tax Act, 1990: 8B. Adjustable input tax.– (1) Notwithstanding anything contained in this Act, […]

Section 8A of Sales Tax Act, 1990 has explained joint and several liability of registered persons in supply chain where tax unpaid. 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 8A of Sales Tax Act, 1990: 8A. Joint and […]

Section 8 of Sales Tax Act, 1990 has defined tax credit on certain supplies not allowed. 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 8  of Sales Tax Act, 1990: 8. Tax credit not allowed. – (1) Notwithstanding […]

Section 7A of Sales Tax Act, 1990 has defined levy and collection of tax on goods. 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 7A  of Sales Tax Act, 1990: 7A. Levy and collection of tax on […]

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 […]

Section 6 of Sales Tax Act, 1990 has defined sales tax law explains time of payment. 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 6 of Sales Tax Act, 1990: 6. Time and manner of payment. […]