Mr. A is regd person under STA 1990.

For the month of Nov 2023, following information has been

extracted from his records.

Purchases 1 Mr. A
Raw material from registered persons 1,200,000 Computation of ST Liab/C/f & Refund
Raw material from unregistered persons 200,000 For Nov 2023
Packing material from regd persons 180,000
Imports 1,000,000 2 INPUT TAX
Supplies Raw material from registered persons 1,200,000 216,000
Sales of finished goods to regd persons 3,800,000 Packing material from regd persons 180,000 32400
sales to unrgd persons 400,000 Imports 1,000,000 180,000
Exempt supplies 500,000 Less: PM without Invoice 50,000 -9000
Further Information: Input Tax for the Month 419,400
i). Purchases from registered person include Rs. 100,000 exclusively 3 OUTPUT TAX
used in making taxable supplies Sales of finished goods to regd persons
3,800,000 684000
2) Purchase of packing material include purchase of Rs. 50,000 sales to unrgd persons 400,000 72000
for which invoice is not yet received. Exempt supplies 500,000 -
Output Tax for the Month 756000
Less: Admissible Input Tax [w-1/w-2] 376,697.87
Sales Tax Liability 379,302.13
6 Add: Futher Tax 400,000 4% 16000
4 W-1: Allocation & Apportionment of Ipt 7 Total Sales Tax Liability 395,302.13
IPT 419,400
Less: IPT allocated to Txb -18,000
Residual IPT 401,400

TXB Exempt Total

4,200,000 500,000 4,700,000
401,400 358,697.87 42,702.13
Deduct Disallow

5 W-2: Restriction on IPT equal to 90% of OPT

IPT Allocatd to Txbl Supply 18,000
IPT Apportiond to Txbl Supply 358,697.87
B/F IPT (Previous month/excess 90%) 0
Accumulated IPT 376,697.87
90% of OPT 756000 680400
Admissible IPT (w/e/l) 376,697.87