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Sales Tax Act, 1990
Time of supply
 
SECTION : 2(44)
 
Comments :

Currently, the time of supply for tax levy is taken to be earlier of actual time of delivery and receipt of advance against the supply.  The amendment proposes to deem the time of supply to be the actual time of delivery.

 
 
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1
Definitions - Cottage Industry
2
Input tax
3
Output tax
4
Tax Fraud
5
Time of supply
6
Zero rating
7
Tax credit not allowed
8
Joint and several liability of registered persons in supply chain where tax unpaid
9
Adjustable input tax
10
Refund of input tax
11
Records
12
Tax Invoices
13
Retention of record and documents
14
Directorate of Post Clearance Audit
15
Power to arrest and prosecute
16
Power to call for information
17
Alternative dispute resolution
18
Recovery of arrears of tax
19
Computerized system
20
Federal Board of Revenue
21
SRO'S Summary
22
Sixth Schedule - Exemptions
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