08-06-2009, 06:35 PM
<b>According to this Para,</b>
Any withholding agent who purchases goods and services from unregistered person, shall deduct sales tax at the applicable rate of the value of taxable supplies made to him from the payment due to the supplier
<b> Exemple</b>
Value of Supplies 100,000/-
Withholding amount @ 16%- 16,000/-
Agent Shell pay to supplier- 84,000/-
Other Then LTU any withholding Agent shell pay withheld amount to FBR along with sales tax return for withholding Agents.
LTU shell file just sales tax return and this withheld amount put in column number 18.
Any withholding agent who purchases goods and services from unregistered person, shall deduct sales tax at the applicable rate of the value of taxable supplies made to him from the payment due to the supplier
<b> Exemple</b>
Value of Supplies 100,000/-
Withholding amount @ 16%- 16,000/-
Agent Shell pay to supplier- 84,000/-
Other Then LTU any withholding Agent shell pay withheld amount to FBR along with sales tax return for withholding Agents.
LTU shell file just sales tax return and this withheld amount put in column number 18.
