BASITH TAX CONSULTANT

BASITH TAX CONSULTANT SALES TAX , INCOME TAX , CORPORATE LAW , AUDITS AND BOOK KEEPING . OVERVIEW

Sales Tax was a provincial subject at the time of partition.

It was being administered in the provinces of Punjab & Sindh as provincial levy. Sales tax was declared a federal subject in 1948 through the enactment of General Sales Tax Act, 1948 and in 1952, this levy was transferred permanently to the Central Government. Sales tax was levied at the standard rate of 6 pies per rupee at every stage whenever a sale was effected. The trading community protested

against this system, and this resulted in the enactment of Sales Tax Act 1951. A system of licensed manufacturers & wholesalers was instituted whereby they were allowed to purchase goods free of sales tax from each other and pay tax on sales to unlicensed traders. Imports were chargeable to Sales Tax but the licensed manufacturers & wholesalers were allowed to import goods without the payment of Sales Tax. Later on Sales Tax became chargeable on locally produced & imported goods at the time of their sales & import, respectively. The sales tax, was collected under the Finance Ordinance, 1956, on goods which were chargeable to Central Excise Duty, as if it were a duty of Central Excise. In April 1981, by virtue of an amendment in the Sales Tax act, 1951, the collection of Sales Tax on non-excisable goods was also entrusted to the Central Excise Department. In the late eighties the government decided to replace Sales Tax with the Value Added Tax in the country as a part of its structural adjustment program which was undertaken to correct anomalies & distortions both in our tax & non-tax regimes. Accordingly new enactment titled Sales Tax Act 1990 replaced Sales Tax Act 1951 with effect from 1-11-1990.

24/04/2014
Top five rich people taken from Wealth Tax Directory, 1993 as published by CBRAmount in Million Rupees....
21/12/2013

Top five rich people taken from Wealth Tax Directory, 1993 as published by CBR
Amount in Million Rupees....

Submit a Withholding File Attachment. • Submit a Manual Withholding File. • Verify a Sales Tax License. • View Local Sal...
21/12/2013

Submit a Withholding File Attachment. • Submit a Manual Withholding File. • Verify a Sales Tax License. • View Local Sales Tax Rates.

20/12/2013

BASITH TAX CONSULTANT

SALES TAX , INCOME TAX , CORPORATE LAW , AUDITS AND BOOK KEEPING .

Tax evasion in Pakistan is also causing problems for budget makers and tax ...
20/12/2013

Tax evasion in Pakistan is also causing problems for budget makers and tax ...

GMI-Certificate from FBR Govt.of Pakistan..
20/12/2013

GMI-Certificate from FBR Govt.of Pakistan..

Active Taxpayers - eFBR e-Enrollment .
20/12/2013

Active Taxpayers - eFBR e-Enrollment .

20/12/2013
MOHOMMAD ABDUL SAMI ( Lawyer and Corporate Legal Consultant)
20/12/2013

MOHOMMAD ABDUL SAMI ( Lawyer and Corporate Legal Consultant)

Address

763/2 BLOCK 4 F. B AREA
Karachi
75950

Telephone

0303-8580878

Website

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