Federal Excise Duty (FED) Basics
Federal Excise Duty (FED) concepts would not only ensure that the tasks are performed easily but also in the prescribed manner.
The Active Taxpayer List (ST) is a central record of online active Sales Tax Return filers.
Federal Excise Duty (FED) concepts would not only ensure that the tasks are performed easily but also in the prescribed manner.
A taxpayer shall issue a letter of authorization, duly signed by the proprietor, partner or director of the company or, business concern, which shall be submitted by the authorized representative before the adjudicating authority or Appellate Tribunal.
Sales tax registered person must keep a record in English or Urdu of all the goods and services supplied, purchased or imported in the course of business.
Record should contain following details of goods supplied or services rendered:
Description.
Quantity.
Value.
Name and address of the
Every person registered under the Sales Tax Act,1990, or the Federal Excise Act, 2005, is required to file a Sales Tax Return.
A Sales Tax return is the taxpayer’s document of declaration through which taxpayer not only furnishes the details of transactions during a tax period but also deposits his