Feb
7
Definitions
What is taxable activity under Sales Tax Act?
Sales Tax Act, 1990 has defined the meaning of ‘taxable activity’ for imposition of sales tax under the prevailing rate of tax. The Sales Tax Act, 1990 [updated up to June 30, 2020 issued by the Federal Board of Revenue (FBR)] explained the term ‘taxable activity’. According the Act, taxable activity means any economic activity […]