Scope and Payment of Tax Chapter- 05
Q. NO. 6 (b) SUMMER 2004 Describe the following provisions under Sales Tax Act, 1990
1 - Debit and Credit Notes u/s- 9
2 - Exemption from Penalty and Additional Tax u/s 34A.
Q. No. 8(a) Autumn 2003 Distinguish between the concept of zero rating and exemption.
Q. No. 12 Summer 2002 Mr. Omar has recently registered himself under Sales Tax Act. He has
written a letter enquiring the following in the light of the Sales Tax Act:
- Whether taxable supplies can be sold at discounted price.
- Whether sales tax is payable in discounted price or normal price,
- Whether discounts can be given at varying rates
Please draft a suitable reply.
Q. No. 13 Summer 2002 Explain the incidence of sales tax, if any, for exporters.
Q.11 Spring 2002 Explain the term " time of supply" with reference to the Sales Tax Act 1990.
Q.11 Autumn 2002 Elaborate the term ‘input tax’ as defined in the Sales Tax Act,1990.
Q. No. 12 Autumn 2002
a. What is the significance of Third schedule to the Sales Tax Act,
b. Define retail price in the context of third schedule to the Sales Tax Act,
c. Whether trade discount allowed on products covered under the third schedule will affect sales
tax levied on such products. Give reasons in support of your answer.