Q.1
Sales Tax Liability
Notes
N-1
Input tax carry forward
Refund against export / zero rated
N-6
notes:
N-1 Sales Tax Liability:
Output tax
Less: input tax
N-2
N-3
Add: Further Tax(550000*3%)
Sales Tax Liability
Note: Output Tax
Supplies to registered person
Supplies to un-registered person
Supplies to associate
Supply to salman
Supply of perfume
Total taxable supplies
Exports
Note 3: Input Tax
Purchases from Registered Person
Exempt Purchases
From Un registered Supplier
From Blacklisted person
Tax not declared by supplier
Fixed Asset for business purpose
Furniture
Input Tax (Other than fixed asset)
Input tax Fixed asset
Input Tax B/f
N-6 Input tax related to export
(input tax * exports)/ Exports + Taxable supplies
Other than Fixed asset
On fixed asset
N-4
(5000*100)
N-4 Supplies to associate
With discount
Without discount(300000/.50)*1
value to added as supply
Note 5 Maximum input tax adjustable
90 % of output tax
Input tax other than fixed asset(246500-9130)
Bf Input tax
available
Max input can be claimed
which ever is lower
Note 6 Input Tax Allowed
other than fixed asset
on fixed asset(85000-6296)
Rupees
16500.00
34504.00
15426
442000.00
-476504.00
-34504.00 Input Carry forward
16500.00
16500.00
Supplies
750000.00
550000.00
300000.00
500000.00
500000.00
2600000.00
100000.00
2700000.00
Sales tax @ 17%
127500.00
93500.00
51000.00
85000.00
85000.00
442000.00
0.00
442000.00
Purchases
Sales Tax @ 17 %
3000000.00
510000.00
700000.00
0.00
950000.00
0.00
-320000.00
-54400.00
-30000.00
-5100.00
-1000000.00
-170000.00
-200000.00
-34000.00
246500.00
170000.00
75000.00
15425.93
9129.63
6296.30
300000.00
600000.00
300000.00
397800.00
246500.00
75000.00
321500.00
397800.00
397800
397800
78704
476504