Question about Sales Tax

[[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 [email protected]</i>
<br />Dear Forum Members!

I have a question regarding sales tax matter and em confuse in this question, i need your kind supportive and reasonable comments in respect of following wuestion in the light of sales tax act-1990.

Q>Let suppose we purchased some raw material from supplier in apr-10

Value excluding s/tax 25000
18 % sales tax 4500
Sub Total 29,500


*Pls. remember our payment period is 30 days to supplier. and payment is to be made in May-10.

My question is that does supplier submit his out put tax liablity after payment by us? meance after 30 days as above??



dear frnd pls write your comments as soon as possible.

Regards

Muhammad Umar


<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">




Is any person here to help me about above matter???

Dear frnds!

i want to know that i have a sale tax invoice of april-10 as mention above question and according to accrual concept i have accounted this invoice in june due to late receiving and but the payment has not been made.

Now the supplier is being offering a discount then in this situation what should i have to do????

will the invoice be change??

does the output tax liability settled on collection basis or accrual basis??

kindly write your comments.

Regards


Muhammad Umar.