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Q No. 1 Compute the tax liability of a Registered Manufacturer who has the following transactions during The month of March 2021. (Marks:10) Transaction Value
Q No. 1 Compute the tax liability of a Registered Manufacturer who has the following transactions during The month of March 2021. (Marks:10) Transaction Value Purchases from Registered Persons Rs.9,750,000 . Purchases from Non-Registered persons Rs.500,000 Purchases from Registered retailers Rs.800,000 Rs.1,800,000 Imports with following details: Invoice value Custom duty FED Rs.450,000 Value determined for sales tax Rs.75,000 Rs.2.250,000 Sale of taxable supplies to Registered persons Rs.6,000,000 Sale of taxable supplies to Non-Registered persons Rs.2.100,000 . Exports Rs.3,000,000 . Sale of exempt supplies Rs.1,500,000
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