Introduction:
A Sales Tax return is the taxpayer’s document of declaration through which taxpayer not only furnishes the details of transactions during a tax period but also deposits his Sales Tax liability.
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On the return form, the taxpayer declares for a particular tax period and respective input tax and output tax, at the prescribed rate of Sale Tax. In case input tax exceeds output tax, the amount of refund claimed or excess input tax is also declared in the return.
A registered person shall file a single return for all the possible sectors that the registered person is operating in. Due date for the single return for the sectors would be the due date applicable to his major activity in terms of sales tax or federal excise duty payable.
Where a Sales Tax Return is not filed within a period of six months after the due date, the same shall be filed only after approval of the Commissioner of Inland Revenue having the appropriate jurisdiction.
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How can I revise my tax return after filing Pakistan?
A registered person may file a revised return to correct any omission or wrong declaration made therein,
A Taxpayer may revise the Sales Tax Return through the procedures as mentioned in Sub-section 3 &4 of Section 26 of Sales Tax Act, 1990. As follows:
Sub-section – (3) A registered person may, subject to approval of the Commissioner Inland Revenue having jurisdiction, file a revised return within one hundred and twenty days of the filing of return under sub-section (1) or, as the case may be, subsection (2), to correct any omission or wrong declaration made therein.
However, the Commissioner’s approval is not required where the return is revised within 60 days or where tax payable in the revised return is more than the tax payable declared in the original return.
Penalties involved in respect of revision in Sales Tax Return
Sub-section – (4) Notwithstanding the penalties prescribed in section 33, if a registered person wishes to file revised return voluntarily along with deposit of the amount of tax short paid or amount of tax evaded along with default surcharge, whenever it comes to his notice, before receipt of notice of audit, no penalty shall be recovered from him:
Provided that in case the registered person wishes to deposit the amount of tax as pointed out by the officer of sales tax during the audit, or at any time before issuance of the show cause notice in lieu of the audit report, he may deposit the evaded amount of tax, default surcharge under section 34, and twenty-five percent of the penalty payable under section 33 along with the revised return:
Provided further that in case the registered person wishes to deposit the amount after issuance of show cause notice, he shall deposit the evaded amount of sales tax, default surcharge under section 34, and full amount of the leviable penalty under section 33 along with the revised return and thereafter, the show cause notice, shall stand abated.
How do I file a revised tax return online?
Procedures for revision of Sales Tax Return is same as mentioned above for all (i.e. Online or by visiting relevant RTO and revising the return in-paper form).
What is the time limit for revised return?
As per Sub-section (3) of Section 26 of Sales Tax Act, 1990, the time limit for revision of Sales Tax Return within one hundred and twenty days of the filing of return under sub-section (1) or, as the case may be, subsection (2), of Section 26 of Sales Tax Act, 1990.
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