Is a retailer with annual sales less than Rs 2 million liable to be registered under sales tax law?

1 ANSWERS

1. karachi guide
   

   Under sales tax law , the following categories of business are liable to be registered: a. All importers, b. All wholesalers (including dealers) and distributors, c. Manufacturers not falling in cottage industry. {Cottage industry is defined as having annual turnover below Rs.5 million and whose annual utility bill (including electricity , gas and telephone) does not exceed rupees six hundred thousand}, d. Retailers (having value of supplies of over 5 million rupees, in any tax period during the last 12 months. e. A person required under any Provincial or Federal Law to be registered for purpose of any duty or tax collected or paid as if it were a levy of sales tax, e.g. service providers like hotels, clubs, caterers, customs agents, ship chandlers, stevedores, courier services etc. f. Persons making zero-rated supplies, including commercial exporter who intends to obtain sales tax refund against his zero rated supplies. g. A person who is required to be registered by virtue of aforesaid criteria, but still avoids registration, can be compulsorily registered by the department, after proper enquiry, under sub-rule 1 of Rule 6 of Sales Tax Rules, 2006.

   Report (0) (0)  |   1 year, 3 month(s) ago