De Registration Suspension & Restoration of Sales Tax Registration. Changes SRO 608 of 2025.

Описание: De Registration Suspension & Restoration of Sales Tax Registration Changes SRO 608 of 2025. What is Production Cost for Annexure J Manufacturers SRO 55 Raw & Finished Stocks Reconciliations
Sales Tax Return Changes in Annexures A Purchases C Sales & C1 Receipts. Changes in Sales Tax Annexures for Manufacturers, Commercial Importers, Distributors & wholesalers
#fbr has instructed all sales tax registered commercial importers, distributors and wholesalers making supply of taxable products to submit monthly stock statements.
Vide SRO55(I)/2025 #fbr widened sales tax documentation for all registered manufacturers and commercial importers, distributors and wholesalers
TR filed by the buyer for a tax period shall be taken as provisional return in IRIS, until the respective seller files his return for the same tax period up to the last day of the month in which the due date of filing of return falls, and in case
Where the seller fails to file his return by the last day of the month in which the due date of filing of return falls, IRIS shall compute the sales tax liability of the buyer, after deleting the invoices issued by the non-filer seller and the corresponding input tax in the provisional return of the buyer, and such provisional return shall be taken as valid by IRIS, after payment of the sales tax liability, so computed; and
Where the seller files his return accompanied with payment of sales tax liability, by the last day of the month in which the due date of filing of return falls, the provisional return of the buyer shall be taken as valid by IRIS with the claim of invoices from the seller and corresponding input tax and after payment of the sales tax liability.";
In respect of claim of credit of sales tax withheld, where a registered person declares an amount of sales tax withheld by a withholding agent, but does not declare the corresponding sales to such withholding agent in his return, as the case may be, the amount of sales tax withheld and reduction in output tax shall not be allowed to such person
Provided that the credit note under this sub-rule shall only be issued with the prior approval of the Commissioner:"
Aamir Rasheed FCA
Aamir Rasheed & Co.
Chartered Accountants