Question
Farooq Limited (FL) is registered under the Sales Tax Act, 1990. Following are the details of sales and purchases made during the month of
Farooq Limited (FL) is registered under the Sales Tax Act, 1990. Following are the details of sales and purchases made during the month of February 2020: B C Local taxable sales to registered person Local taxable sales to unregistered person Zero-rated supplies Considering the above scenario sales tax liability of Farooq Limited (FL) for the month of February 2020 is A Rs. 1,105,000 D Exempt supplies Purchases from registered supplier Rs. 756,053 Rs. 498,947 Rupees 1,500,000 5,000,000 2,500,000 500,000 6,500,000 Rs. 150,000
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Federal Taxation 2016 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
29th Edition
134104374, 978-0134104379
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