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Sales Tax Act, 1990
Output tax
 
SECTION : 2(20)(i)(ii) & (iii)
 
Comments :

The proposed amendment seeks to refer the duties of excise chargeable under section 3 of Federal Excise Act, 2005 instead of Section 3 of Central Excise Act, 1944.

  Further elaborating the definition of output tax to cover the tax charged under provincial ordinances.
 
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1
Definitions - Cottage Industry
2
Input tax
3
Output tax
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Tax Fraud
5
Time of supply
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Zero rating
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Tax credit not allowed
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Joint and several liability of registered persons in supply chain where tax unpaid
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Adjustable input tax
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Refund of input tax
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Records
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Tax Invoices
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Retention of record and documents
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Directorate of Post Clearance Audit
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Power to arrest and prosecute
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Power to call for information
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Alternative dispute resolution
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Recovery of arrears of tax
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Computerized system
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Federal Board of Revenue
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SRO'S Summary
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Sixth Schedule - Exemptions
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