Federal Excise Duty in Sales Tax Mode

[iftikhar_raja]

Could Anyone Help me in explaining what does Federal Excise duty in sales Tax Mode actually means and also in explaining the difference between Duty Drawback and Refund Claim. Thanks

[Sarfaraz Khan]

if u do not charge federal excise duty on supply/sales, then u cd adjust ur input federal excise duty with ur output sales tax.

if;
ur input federal excise duty on (sales tax mode)..

see.. sales tax act 1990, chapter1, sub section (21a) of section (2)

and see also chapter 2 , section (7)
....

when u go to refund claim ur duty /tax, then u must have to declare ur duty ''draw back'' in monthly return challan for the same amount.

regards,