When it comes to sales tax returns in Pakistan, there are several different annexures that businesses may need to fill out depending on their specific industry and type of business. In this article, we will provide an overview of the different annexures that businesses may encounter when filing their sales tax returns.
Annex A: Purchases
Annex A is used to report purchases made during the tax period. It includes information such as the name and registration number of the supplier, the amount of purchases made, and the amount of sales tax paid.
Annex B: Imports
Annex B is used to report any goods that were imported during the tax period. It includes information such as the name and registration number of the importer, the amount of goods imported, and the amount of sales tax paid.
Annex C: Sales
Annex C is used to report sales made during the tax period. It includes information such as the name and registration number of the customer, the amount of sales made, and the amount of sales tax collected.
Annex D: Exports
Annex D is used to report any goods that were exported during the tax period. It includes information such as the name and registration number of the exporter, the amount of goods exported, and the amount of sales tax paid.
Annex E: Federal Excise
Annex E is used to report any federal excise duty that is payable during the tax period. It includes information such as the name and registration number of the person liable to pay the duty, the amount of duty payable, and the amount of sales tax paid.
Annex F: Goods Declaration
Annex F is used to report any goods that are kept in stock or are manufactured during the tax period. It includes information such as the description and quantity of the goods, the value of the goods, and the amount of sales tax paid.
Annex H: Stock Statement
Annex H is used to report the stock on hand at the end of the tax period. It includes information such as the description and quantity of the stock, the value of the stock, and the amount of sales tax paid.
Annex J: Production Data
Annex J is used to report production data for businesses involved in manufacturing or production. It includes information such as the quantity of goods produced, the value of the goods produced, and the amount of sales tax paid.
Annex K: Steel Production
Annex K is used to report production data specifically for businesses involved in the production of steel. It includes information such as the quantity of steel produced, the value of the steel produced, and the amount of sales tax paid.
In conclusion, while there are several different annexures that businesses may need to fill out when filing their sales tax returns, it is important to ensure that they are completed accurately and in a timely manner in order to remain compliant with local tax laws in Pakistan.