GC UNIVERSITY LAHORE

ROLL NO. ____________________________ NAME: _______________________________

GC UNIVERSITY LAHORE

ROLL NO. ____________________________ NAME: _______________________________

Sales Tax ,Custom and Excise Duty

Q. No. Questions Marks

Compute the sales tax liability of a registered manufacturer who has the
following transactions during the tax period.
Amount
Particulars
(Rs.)
Supplies to Registered 7,000,000
1 Person---------------------------------------------------------- 12,80,000
Supplies to Un-registered 4,00,000
Person------------------------------------------------------ 6,00,000
14
Exempted 40,00,000
Sales-------------------------------------------------------------------------- 5,00,000
------ 1,00,000
Zero-rated
Supply------------------------------------------------------------------------
----
Purchases from Registered
Person---------------------------------------------------
Purchases from non-registered person
----------------------------------------------
Imported
Goods(taxable)--------------------------------------------------------------
-----

Required:
i. Input Tax ii. Output Tax iii. Sales Tax Liability

2 Briefly Explain the requirement of Registration as per Sales Tax Act 1990 06