Tax Book 2023

Scope and Payment of Tax Chapter- 05

Table - 1

S. No. Sectors

1. Person registered in electric energy sector;


2. Oil marketing companies and petroleum refineries;


3. Fertilizers manufacturers


4. Persons making zero-rated supplies provided value of such supplies exceed
   50% of value of all taxable supplies in a tax year


5. Distributors


6. Gas distribution companies


7. Telecommunication services


8. Pakistan Steel, Bin Qasim, Karachi


9. Registered persons other than manufacturers, making supplies of items covered
   under the 3rd Schedule to the Sales Tax Act, 1990, on which sales tax has been
   paid by the manufacturer or importer on retail price, provided that value of such
   supplies exceeds 80% of value of all taxable supplies in a tax period


10. Commercial importers provided the value of imports subjected to 3% value
    addition tax under 12th Schedule to the Sales Tax exceeds 50% of the value of
    all taxable purchases, including imports, in a tax period


11. CNG delaers provided the sales of natural gas in which salts tax is charged on
    the value notified by the FBR exceeds 50% of the value of all taxable purchases
    in a tax period


12. Petroleum dealers of licensed Oil marketing companies;
    b) the persons specified in column (2) of the Table – 2 below may ajust input tax to the
    extent of 95% of the output tax for that tax period and the excess amount shall be carried
    forward to the next period, namely-

Table - 2

S. No. Sectors

1. 
   

   All Tier – 1 retailers who have integrated all their POSs with the FBR in terms of
   Chapter XIV-AA of the Sales Tax Rules, 2006

   
   


2. 
   

   Wholesalers of Yarn

   
   


3. 
   

   Automobile manufacturing companies which are listed in Pakistan Stock
   Exchange till December, 2020.
   c) The first proviso of sub section (1) and sub sections (2) and (3) of section 8B of the Sales
   Tax Act, 1990, shall apply, mutatis mutandis, to the input tax to be adjusted or carried
   forward as provided in clause (b).

   
   


4. 
   

   Debit and credit note [U/S 9]

   
   

Where a registered person has issued a tax invoice in respect of a supply made by him and as a

result of cancellation of supply or return of goods or a change in the nature of supply or change

in the value of the supply or some such event the amount shown in the tax invoice or the return

needs to be modified, the registered person may, issue a debit or credit note and make

adjustment against output tax in the return.

Sales tax rules for debit and credit note [Rule 19, 20, 21 and 22]

Buyer on goods returns Issue a debit note