Tax Book 2023

Scope and Payment of Tax Chapter- 05

(c) 0%

(d) 5%

Q.16 Sales tax in respect of imported goods is charged at the time of ___.

(a) sale of such goods

(b) import of goods

(c) on raising of invoice

(d) All of the above

Q.17 Sales tax for taxable supplies made in Pakistan is paid at the time of ___.

(a) on raising of invoice

(b) on receipt against sales

(c) filing of return

(d) All of the above

Q.18 Sales tax on purchases made from registered persons is subtracted from the ____with
limitations, where applicable.
(a) output tax
(b) input tax
(c) income tax
(d) sales tax refund

Q.19 Sales tax on sales to non-registered person is _____.

(a) Output tax

(b) Input tax

(c) Exempt

(d) Zero rated

Q.20 Commercial invoice is issued by a ____.

(a) non-registered person

(b) registered person

(c) commercial importer

(d) exporter

Q.21 _____ means price fixed by the manufacturer or importer inclusive of all charges and taxes
including sales tax.
(a) sale price
(b) retail price
(c) total price
(d) consumer price

Q.22 Where goods falling under 3rd schedule of the Sales Tax Act, 1990 are sold by manufacturer at
discount then sale price for the purpose of sales tax shall be equal to____.
(a) discounted price
(b) retail price
(c) purchase price
(d) none of above