12-16-2008, 10:21 PM
Dears,
It had been a very old discussion and no comments came from Asad on my post.
What I feel the exclusion of those words should give rise to a right to claim the input sales tax on items mentioned by him.
However, I guess department would never be filled with gentlemen having any positive approach and they will modify the facts in their favor.
Regardless of whatever law has so far mentioned or amended, if we go on the very essence of the sales tax (VAT) system the items for which any body is end-consumer should not be reckoned for claiming input tax. Just like if I purchase something for my home usage I become end-consumer. So I am not eligible to claim input tax on such consumption. Likewise, whoever is end-consumer of whatever (even the manufactureres) and in essense does not consume such items for adding value to its products should be treated as end-consumer's consumption and no input should be allowed.
The last paragraph is my own view and has nothing to do with the law prevelant.
Regards,
KAMRAN.
