07-24-2011, 03:36 AM
Dear Bro!!
Input sales tax is claimable which is exceeded after adjustment with out put but law is provided different criteria in both cases of manufacturer & exporter and traders.
Input is claimable after adjustment against zero rated sales/exports on monthly basis in case of manufacturer and exporter, In this respect an application shall be file for refund claim (if any) with in 120 days after filing sales tax return of that tax period.
In case of traders!! You can claim input tax on annualy basis if any instead of monthly basis.
regards
Umar
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Hitler</i>
<br />Asalam o alikum
Can any one guide me how to claim GST input? is this to be claimed in parts? and under which SRO?? GST input on purchases of supplies and on purchases of fixed assets........
Regards
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Input sales tax is claimable which is exceeded after adjustment with out put but law is provided different criteria in both cases of manufacturer & exporter and traders.
Input is claimable after adjustment against zero rated sales/exports on monthly basis in case of manufacturer and exporter, In this respect an application shall be file for refund claim (if any) with in 120 days after filing sales tax return of that tax period.
In case of traders!! You can claim input tax on annualy basis if any instead of monthly basis.
regards
Umar
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Hitler</i>
<br />Asalam o alikum
Can any one guide me how to claim GST input? is this to be claimed in parts? and under which SRO?? GST input on purchases of supplies and on purchases of fixed assets........
Regards
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
