12-14-2024, 08:30 AM
When Input Tax Credit Can not be Claimed?
The Sales Tax Act, 1990, outlines specific restrictions on the input tax credit that registered persons can claim. This article provides a comprehensive overview of these restrictions and their implications for taxpayers. Key Restrictions: Non-Taxable Supplies: Input tax cannot be claimed on goods or services used for non-taxable supplies. Specified Goods and Services: The Federal […]
https://taxationpk.com/when-input-tax-cr...e-claimed/
The Sales Tax Act, 1990, outlines specific restrictions on the input tax credit that registered persons can claim. This article provides a comprehensive overview of these restrictions and their implications for taxpayers. Key Restrictions: Non-Taxable Supplies: Input tax cannot be claimed on goods or services used for non-taxable supplies. Specified Goods and Services: The Federal […]
https://taxationpk.com/when-input-tax-cr...e-claimed/