+- 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: Supply or Local Rape Seed for oil Exempt or Taxabl (/thread-supply-or-local-rape-seed-for-oil-exempt-or-taxabl)
Supply or Local Rape Seed for oil Exempt or Taxabl - mjm54580 - 07-16-2009
dear all,
i wanna evidence aboout local rape seed local supply sales tax levy or exempt any body help me.pleae reply me email [email protected].
- faisal_desperado - 07-16-2009
Dear,
These are exempted ,
Source Table -1 , The Sixth Schedule , Sales tax act 1990,
http//www.cbr.gov.pk/newst/Sales%20Tax%20Act%201990/Schedule%206th.htm
Best Regards,
- mjm54580 - 07-17-2009
dear faisal,
thanks for your reply.
please describe / brief where wrote that local rape seed supply are exempted. please one more reply.
rgds
[email protected]
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by faisal_desperado</i>
<br />Dear,
These are exempted ,
Source Table -1 , The Sixth Schedule , Sales tax act 1990,
http//www.cbr.gov.pk/newst/Sales%20Tax%20Act%201990/Schedule%206th.htm
Best Regards,
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
- faisal_desperado - 07-20-2009
Dear,
Please exhibit Table 1, i.e. Import or Supply , there is specifically mentioned the word seeds, but not local rape seeds,
Under table 2 , i.e. Local supply only , Agricultural product is written, now a question may arise whether your seeds production is subjected to further process or not ? if these are not processed further then, will be treated as agricultural product hence, exempted,
However, if the seeds require further process then it will not be treated as agricultural product and will not be exempted from taxations.
Best Regards,