Sales Tax Act, 1990 has explained the meaning of sales tax imposed on supply of goods.
The Sales Tax Act, 1990 [updated up to June 30, 2020 issued by the Federal Board of Revenue (FBR)] has explained the following:
“sales tax” means – –
(a) the tax, additional tax, or default surcharge levied under this Act;
(b) a fine, penalty or fee imposed or charged under this Act; and
(c) any other sum payable under the provisions of this Act or the rules made thereunder;
“sales tax account” means an account representing the double entry recording of sales tax transactions in the books of account.
