SALES TAX BASICS

By Published On: August 19, 20212.2 min readViews: 483

SALES TAX BASICS

By Published On: August 19, 20212.2 min readViews: 483
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Before Registration and Filing of your Sales Tax Return, it is recommended that one should establish a basic understanding regarding these processes. Knowledge of basic concepts would ensure that the tasks are performed easily and in the prescribed manner.

Sales Tax is a tax levied by the Federal Government under the Sales Tax Act, 1990, on the sale and supply of goods and the goods imported into Pakistan. Sales Tax on services is levied by the Federal Government under
The Islamabad Capital Territory (Tax on Services) Ordinance, 2001.

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