Lecture 2 - Standard, Zero-Rated, Exempt & Reduced Rate Goods
Автор: Income Tax Studio
Загружено: 2026-01-18
Просмотров: 365
Описание:
In this lecture, we comprehensively explain the classification of goods under different Schedules of the Sales Tax Act, 1990 (Pakistan) and how sales tax rates vary based on these schedules.
This session is designed for students, tax practitioners, accountants, and business owners who want a clear conceptual and practical understanding of sales tax treatment of goods.
📚 Topics Covered
Concept and structure of Sales Tax Schedules
Standard Rated Goods – 18% tax on value of supply
Third Schedule – Sales tax on retail price (18% & 25%)
Fifth Schedule – Zero-rated supplies and input tax refund
Sixth Schedule – Exempt supplies and impact on input tax
Eighth Schedule – Goods subject to reduced sales tax rates
Ninth Schedule – Sales tax on mobile phones
Practical sales tax invoice examples
How to determine whether a good is taxable, exempt, or zero-rated
This lecture forms part of a series on Sales Tax Law in Pakistan, focusing on both legal provisions and practical application.
📌 Ideal for exam preparation, professional training, and real-world compliance
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