SRO 283(1)/2011 for Commercial Importer - Printable Version +- Accountancy Forum (https://www.accountancy.com.pk/forum) +-- Forum: The Profession (https://www.accountancy.com.pk/forum/forum-the-profession) +--- Forum: Tax (https://www.accountancy.com.pk/forum/forum-tax) +--- Thread: SRO 283(1)/2011 for Commercial Importer (/thread-sro-283-1-2011-for-commercial-importer) |
SRO 283(1)/2011 for Commercial Importer - imran5337 - 07-14-2011 I need a clarification as being a commercial Importer; my Tax consultant is pushing me to charge my customers additional 5% of GST (as per finance Bill) in addition to existing rate of 16% and his statement is based on SRO 283(I)/2011 whereas I think, this 5% is to be charged by the Exporter (to whom I have sold the zero rated product as per this SRO) when he sells something to local customer other than exporting it to some foreign buyer whereas for a commercial importer rate will be either 0% in case of zero rated or 16% in case it is not zero rated. Please help me in understanding this. - mjm54580 - 07-16-2011 <blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by imran5337</i> <br />I need a clarification as being a commercial Importer; my Tax consultant is pushing me to charge my customers additional 5% of GST (as per finance Bill) in addition to existing rate of 16% and his statement is based on SRO 283(I)/2011 whereas I think, this 5% is to be charged by the Exporter (to whom I have sold the zero rated product as per this SRO) when he sells something to local customer other than exporting it to some foreign buyer whereas for a commercial importer rate will be either 0% in case of zero rated or 16% in case it is not zero rated. Please help me in understanding this. <hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote"> dear , if you are commercial importer and you sales your item ( which is zero rated against SRO 283) to unregistered person then you will charge 6% and respective deposit to FBR. regards Muhammad junaid 0332-2271210 - azeem10 - 07-17-2011 Update your information for taxation, import export procedures at http//www.pakcustoms.org |