08-08-2011, 02:47 AM
Salaamx!!
Dear HELPME,
There is no any value addition in as per your above example. However it is depand upon the status of registration of registered person to claim / adjust such additional tax 2% at import stage.
This additional tax 2 % is increases to 3 %.
In this case there is no payment / refund. (Kindly follow below two condition)
Cond # 1
If the Registered person is trader / Importers
He must pay 10 % of their sales as out put tax liability. only adjust 90 % of out put with input.
Cond # 02
in case of manufacturer/ Exporter
Registered person has not any obligation to pay / refund as per your example.
Dear Student of Law,
U r rite that 90% of the input is claimable. But i would like to explain that rule/Sec 8.b states that this rule only valid for those registered person who are traders or importers. such registered person must pay 10 % of their sales as out put tax.
Dear HELPME,
There is no any value addition in as per your above example. However it is depand upon the status of registration of registered person to claim / adjust such additional tax 2% at import stage.
This additional tax 2 % is increases to 3 %.
In this case there is no payment / refund. (Kindly follow below two condition)
Cond # 1
If the Registered person is trader / Importers
He must pay 10 % of their sales as out put tax liability. only adjust 90 % of out put with input.
Cond # 02
in case of manufacturer/ Exporter
Registered person has not any obligation to pay / refund as per your example.
Dear Student of Law,
U r rite that 90% of the input is claimable. But i would like to explain that rule/Sec 8.b states that this rule only valid for those registered person who are traders or importers. such registered person must pay 10 % of their sales as out put tax.
