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Following information has been extracted from the records of four registered persons for the month of February 2019: Particulars Registered Persons A B C D

Following information has been extracted from the records of four registered persons for the month of February 2019: Particulars Registered Persons A B C D -------------------- Rupees -------------------- Purchases Taxable supplies from registered persons 1,500,000 1,500,000 - - Taxable supplies from un-registered persons - - 1,500,000 1,500,000 Fixed assets (machinery) from a registered supplier - - - 2,500,000 Supplies Taxable supplies to registered persons 1,200,000 - 1,000,000 1,000,000 Exempt supplies to registered persons 300,000 800,000 Taxable supplies to un-registered persons 800,000 Zero rated supplies 300,000 1,800,000 All the above figures are exclusive of sales tax, wherever applicable. Sales tax is payable at the rate of 17%. Required: In the light of the provisions of the Sales Tax Act, 1990 and Rules made thereunder, compute the amount of sales tax payable by or refundable to each of the above registered persons and input tax to be carry forward, if any, for the tax period February 2019. (20)

(kindly solve in the context of pakistan)

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