Sales Tax registration
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What is sales Tax?
Sales Tax is a tax levied by the Federal Government under the Sales Tax Act, 1990, on sale and supply of goods and on the goods imported into Pakistan. Sales Tax on services is levied by the Federal Government under The Islamabad Capital Territory (Tax on Services) Ordinance,2001
Sales tax can be levied in following two ways;
Input Tax
Output Tax
Scope of sales tax
Goods
All the goods are taxable with the exception of those which have been exempted under section 13 as stated under 6th Schedule of the Sales Tax Act, 1990. For the sake of sales tax, goods include each kind of movable property other than actionable claims, money, stocks, shares and securities.
Imports into Pakistan
All imported goods into Pakistan are to be offered for sales tax at the import stage, except those goods which are particularly exempted under section 13 as mentioned in Sixth Schedule to the Act.
What is sales tax registration number in Pakistan?
‘’A sales tax registration number is a number allocated by the government of Pakistan for taxation paid to a prevailing body for the sale of specific goods and services. Normally laws permit the seller to receive funds as taxes from the consumer at the point of purchase’’.
Sales Tax Registration basics
- Before going to file the Sales Tax Return, it is essential to have registration in sales tax with the Federal Board of Revenue (FBR).
- After having registration with FBR, you will be issued a Sales Tax Registration Number (STRN) and User ID and Password. By using that User ID and Password, the registered person has access to e-file portal for filing the Sales Tax Returns.
Who is required to register for sales tax in Pakistan?
- All importers
- All wholesalers (including dealers) and distributors
- Manufacturers with the exception of cottage industry. {Cottage industry means a manufacturer whose taxable supplies produce an annual turnover during the last twelve months ending any tax period does not exceed [ten] million rupees or whose annual utility (electricity, gas and telephone) bills during the last twelve months ending any tax period do not exceed [eight] hundred thousand rupees;}
- Retailers (Tier-1 retailers means:
- A retailer operating as a unit of a national or international chain of stores;
- A retailer operating in an air-conditioned shopping mall, plaza or center, excluding kiosks;
- A retailer whose cumulative electricity bill during the immediately preceding twelve consecutive months exceeds Rupees six hundred thousand; and
- A wholesaler-cum-retailer, involves in bulk import and supply of consumer goods on wholesale basis to the retailers as well as on retail basis to the general body of the consumers
- A person required under any Federal or Provincial Law to get itself registered for the purpose of any tax or duty collected or paid as if it were an applicability of sales tax, e.g. service providers like caterers, customs agents, hotels, clubs, ship chandlers, courier services, stevedores, etc.
- Persons making zero-rated supplies, comprising commercial exporter who plans to get sales tax refund against his zero-rated supplies.
- A person who is liable for registration by virtue of aforementioned standards, but still does not register, then the department can compulsorily register it, after suitable investigation, under sub- rule 1 of Rule 6 of Sales Tax Rules, 2006.
Mandatory Documents for Sales Tax Registration in Lahore
- Bank Account Maintenance Certificate having IBAN Number
- Electricity Bill of Business Premises
- Photo of Business Premises
The process for Sales Tax Registration in Lahore
- The person shall use credentials of his Iris Portal to login.
- After log-in, the person shall select Form 14(1) (Form of Registration filed voluntarily through Simplified) (Sales Tax) from the drop-down menu of Registration.
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On selection of Form 14(1), i.e. the Form of Registration filed voluntarily through Simplified. (Sales Tax), the person will be required to fill in the following detail:
- Tax Period
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Information of Sales Tax in case of;
- Individual, the type of registration, either it is a Manufacturer or Non-Manufacturer.
- AOP or Company, CNIC of the Member/Director/Principal Officer with the registration type, either it is a Manufacturer or Non-Manufacturer
- CNIC of the Member or Director or Principal Officer along with the type of registration.
- Detail of Bank Account that includes the Bank Account Certificate furnished by the bank in the name of the respective company's business
- Detail of business including Business Name, Capacity, Acquisition date and Business operations along with the detail of all branches of business in case of multiple branches at different locations.
- GPS-tagged photos of the business premises
- Registration number with the gas and electricity supplier along with the images of utility meter
- GPS-tagged photos of machinery and industrial electricity or gas meter installed in case of a manufacturer
Bio Metric Verification
Post Verification Manufacturer
Sales Tax Registration via Iris Mobile Application
Changes in particulars of Registration
Transfer of Registration
Benefits of Sales Tax Registration in Lahore
Single indirect tax.
More savings.
Ease of doing business.
Employment growth.
GDP growth.
Drop in tax evasion.
Revenue increment.
Trade and industry growth.
De Registration of Sales Tax
- Registered Persons who cease to carry on their business
- If supplies of the registered person become exempt from Sales Tax, or the turnover for the prescribed time period becomes lower than the minimum threshold level.