What Is a Sales Tax Return?

Every person registered under the Sales Tax Act,1990, or the Federal Excise Act, 2005, is required to file a Sales Tax Return. A Sales Tax return is the taxpayer’s document of declaration through which taxpayer not only furnishes the details of transactions during a tax period but also deposits his Sales Tax liability.

Categories of  Sales Tax Return?

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MONTHLY RETURN

Under the standard procedure a registered person is required to file monthly return Annexure C on 10th and Payment on 15th and return by the 18th day of the month following the period in which the supplies were made, in the designated Branches of National Bank of Pakistan. In case of certain categories as mentioned below Procedure has been devised to file return on monthly and quarterly basis

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ANNUAL RETURN

A manufacturer is to file annual Sales Tax return, for a financial year by the 30th September of the following financial year.

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QUARTERLY RETURN

The taxpayers falling exclusively in the category of CNG required to file the return on quarterly basis.

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FINAL RETURN

If a person applies for de-registration, the person shall before such de-registration, furnish a final return to the appropriate Commissioner having jurisdiction in the at such time as directed by the appropriate Commissioner.