Input Tax Adjustment (SRO#283)

[Sayub]

In this case, Supply of Corrugated Paper is made to industry other than 5 defined in the SRO, therefore it should be taxable.

So, Input will not be "Zero" but taxable @ relevant rate of say 17%.

Abovesaid input will be claimed as refund in the case of Gul Ahmed and adjusted in the case of EBM.




<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Information Consultant</i>
<br />Agar aik carton manufacturing companay apni supply Gul Ahmed or English buiscuit manufacturer ko daita hay to Gul ahmed zero rate sector may ata hay or EBM ko taxable supply hogi quiestin yay hay kay carton manufacturer jo raw material purchase karay ga (correguated paper ) wo bhi zero rate may ata hay to uska input to zero hoga laikin output EBM say jo charge karay ga wo payable hoga or EBM uski input adjustment lay ga .Yay scenerio sahi hay ya is may koi issue hay .Pls comments
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