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  • Aug 31st, 2004
  • Comments Off on CBR urged to remove confusion in sales tax law
The Karachi Sales Tax Bar Association (KSTBA) has urged the Central Board of Revenue (CBR) to remove confusion in sales tax law to save the importers from payment of double tax.

The KSTBA, in a letter to Shahid Ahmed, CBR Member, Sales Tax, said that a commercial importer, who is not able to sell imported goods during the same period for which he has already deposited sales tax on value-addition at the rate of 10 percent of imported goods at Customs stage, is not allowed to carry forward the sales tax in the next tax period and, therefore, has to pay full tax on his supplies of next tax period resulting in double taxation.

He requested the Member Sales Tax to look into the matter once again and reconsider the formula suggested by the association, which provides that "a commercial importer must pay sales tax on minimum value-addition of 10 percent of his taxable supplies which is not refundable to him in any case".

Copyright Business Recorder, 2004


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