The Sales Tax Act 1990 is a significant piece of legislation in Pakistan that outlines the rules and regulations for the imposition and collection of sales tax.
This act specifies which goods and services are subject to sales tax, the applicable rates, and the procedures for compliance and enforcement. It aims to streamline tax collection and ensure compliance among businesses, thereby contributing to the national revenue.
The act also includes detailed provisions on registration, tax returns, and penalties for non-compliance. The Sales Tax Act 1990 includes various schedules that detail the taxable and exempt goods and services.
One crucial part of the act is the Sixth Schedule, which lists the goods that are exempt from sales tax. Understanding the exemptions and the applicable tax rates is essential for businesses to comply with the law and avoid penalties.
For more detailed information, you can read the full Sales Tax Act 1990 PDF below: