|
Title |
Description |
Remarks |
|
Finance Bill |
1st Schedule, 2nd Schedule, 3rd Schedule |
Budget Declaration Date |
|
Finance Act |
Changes of Law |
Effective from 1st July |
|
SRO |
Changes of VAT Rule 2016 |
Effective from the date of issuance if otherwise indicated. |
|
Chap. |
Title |
Section |
Rule |
Title |
Related Form |
|
01 |
Preliminary |
1-3 |
1-2 |
Preliminary |
|
|
02 |
VAT Registration and Turnover Tax enlistment |
4-14 |
3-15 |
VAT Registration & Enlistment under Turnover Tax |
2.1 to 2.5 |
|
03 |
Imposition of VAT |
15-26 |
16-18A |
Imposition of VAT: VAT Agent, Travel agent & Tour operator |
3.1, 3.2, 3.3 |
|
04 |
Manner of VAT Collection |
27-44 |
19-24 |
Value Added Tax Collection Method |
4.1, 4.2, 4.3, 4.4, 4.5 |
|
05 |
Assessment of Net payable tax by the Tax payer & Payment |
45-50 |
25-39 |
Determination and payment procedure of net tax by the tax payer, tax deducted at source and adjustment |
|
|
06 |
Tax Invoice and other Documents |
51-54 |
40-44 |
Accounting for Value added tax and Turnover Tax |
6.1, 6.2, 6.2.1, 6.3, 6.4, 6.5, 6.6, 6.7, 6.7, 6.8, 6.9, 6.10 |
|
07 |
Imposition and Collection of Supplementary Duty |
55-62 |
45 |
Adjustment of Supplementary Duty |
7.1 |
|
08 |
Imposition and Collection of Turnover Tax |
55-63 |
46 |
Adjustment of Turnover Tax |
|
|
09 |
Filling of Return and Amendments thereof |
|
47-51 |
Submission of Return and Correction |
9.1, 9.2, 9.3, 9.4 |
|
10 |
Carry Forward and Negative net amount and Refund |
69-72 |
52-57 |
Brought forward and Refund Negative Net amount |
10.1, 10.2, 10.3 |
|
11 |
Tax Determination by the Commissioner |
73-77 |
57A-58 |
Tax Determination by the Commissioner : Negative of Tax advantage |
11.1, 11.2 |
|
12 |
Value Added Tax Authority |
78-89A |
59-65 |
Value Added Tax Authority |
12.1, 12.2, 12.3, 12.4, 12.5, 12.6, 12.7, 12.8, 12.9, 12.10, 12.11, 12.12, 12.13 |
|
13 |
Audit & Investigation |
90-94 |
66-67 |
Audit & Investigation |
12.1, 13.2, 13.3 |
|
14 |
Recovery & Arrear tax |
95-106 |
68-94 |
Realization of outstanding Taxes |
14.1, 14.2, 14.3, 14.4, 14.5, 14.6, 14.7, 14.8, 14.9, 14.10, 14.11, 14.12, 14.13, 14.14 |
|
15 |
Maintenance of Forms, Notices and Records |
107-110 |
95 |
Forms, Notices and Preservation of Records |
|
|
16 |
Offence Trail and Punishment |
111-120 |
96-97 |
Offence, Trail and Punishment |
16.1, 16.2 |
|
17 |
Appeals & Revisions |
121-125 |
98-108 |
Appeal & Revision |
17.1, 17.2, 17.3 |
|
18 |
Miscellaneous |
126-139 |
109-119 |
Miscellaneous |
18.1, 18KA, 18.2, 18.3, 18.4, 18.5, 18.6 |
