About Me

My Photo
Karachi, Pakistan
This Blog has been developed for online guidance and coaching of CA students.

Thursday, February 17, 2011

Purchases from and Supplies to Un-registered Person (Sales Tax)

Q: What are the implications of purchases made from and supplies made to unregistered person under the Sales Tax Act, 1990?

Ans. No input tax credit is allowed on purchases made from unregistered person, whereas out put tax is charged on supplies made to unregistered person.

No comments:

Post a Comment