As defined by FBR Pakistan “Sales Tax Return, is an official submitted statement, Submitted by Registered Individuals, Businesses or Companies, to declare their taxable supplies, purchases, input tax, output tax and the net amount of sales tax payable and refundable for a specific tax period”. Under the Sales Tax Act, 1990, it is mandatory requirement that all sales-related transactions must be transparent, compliance and accurate within Pakistan.
Sales Tax Registered Person/Organization/Authority (A wholesaler, distributor, retailer, manufacturer, service provider, importer, exporter) where applicable, must file Monthly Sales Tax Return. Monthly “Sales Tax Returns” reflect entire business financial activity regarding sales and purchases, allowing FBR to determine tax liability and verifications of proper documents like invoices, import data, debit/credit notes and other financial adjustments.
A Sales Tax Return includes information like total sales (during specific period) exempt supplies, zero-rated supplies, taxable purchases, import values, input tax adjustments and final determination/calculation of payable tax. An accurate Sales Tax Return, not only ensures compliance, avoid penalties but also prevents internal/external audits and maintains a clean financial record with FBR.
Sales Tax Returns Services by United Law Associates (ULA)
At United Law Associates, our experienced, professional legal and tax team provides complete Sales Tax return filing services with accuracy. Our professionals make it ensure that businesses meet all FBR requirements while maximizing compliance and minimizing exposure to penalties or disputes. We have over 15 years of expertise working with both national and international firms and organizations, therefore we have extensive experience in sales tax regulations.
Our services include data reconciliation, record verification, return preparation, filing, and responding to FBR notices. ULA will provide every customer with an easy, timely, and fully compliant Sales Tax Return filing, allowing them to focus on growing their businesses while we efficiently and accurately handle all tax needs.
