Sales Tax Query
Monday, June 8, 2009
From Adnan
Currently FBR give us the option to file revise sales tax return before 30th of June (if any discrepancies involved) and they send the discrepancy reports to both parties (Buyer & Seller) and told to resolve that discrepancy by contacting each other. The purpose for this is just to remove the differences Occur in either of one rupee Output taken by one company and the declaration by other company.
Now, i will give you a situation. Any body able to give me a answer is highly appreciated.
Situation:
Now, i will give you a situation. Any body able to give me a answer is highly appreciated.
Situation:
If Our company made a sale in the month of January 2009 and file that in the same period (i.e, Sales Tax return of January 2009), but the company to whom we made a sale declared and file this as a purchase in the month of February (i.e, Sales Tax Return of February 2009) for input tax claim. Then, due to this difference in month we have received a discrepancy report from FBR.
So, how could we tackle this problem?
What is the best way to resolve this issue?
Labels: Sales Tax
posted @ 11:17 AM,
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