General Sales Tax (GST) Services
General Sales Tax (GST) Services
Sales Tax Accounting Services can prove essential for the smooth running of your business and to ensure you comply with any statutory requirements.
Sales Tax is commonly viewed as a complex area of business, especially by those who feel it has been imposed on them. Not only can we provide Sales Tax Accounting Services to ease the burden of Sales Tax reporting, but we can also identify areas in which Sales Tax registration may be of financial benefit to your business.
Our Sales Tax accounting services vary from providing advice, helping you register for Sales Tax or undertaking your Sales Tax accounting to preparing & filing your Sales Tax Returns, and can be tailored to the needs of your business.
- Sales Tax Accounting
- Sales Tax Advice
- Sales Tax Registration
- Sales Tax Returns Services
Sales Tax Accounting
Given the various Sales Tax schemes and different Sales Tax rates depending on the goods or services provided, Sales Tax Accounting can be a confusing aspect of any business venture.
Whether you are in the process of registering for Sales Tax or are already Sales Tax registered, in order to avoid the risk of penalties, you need to ensure that your Sales Tax accounting is being undertaken correctly. We can work with you to ensure the accuracy of your Sales Tax accounting. This can vary from providing ad-hoc advice, to maintaining your Sales Tax records on an ongoing basis and the preparation and filing of your periodic Sales Tax Returns.
Accurate Sales Tax accounting will also facilitate any inspection or subsequent investigation should the situation arise.
Sales Tax Advice
Depending on the nature of your business and the level of your turnover, you may be obligated to adopt one of the FBR Sales Tax schemes, for example the import of scrap by steel sector.
We can provide you with Sales Tax advice, ensuring you select the optimal Sales Tax scheme for your business. Since Sales Tax requirements and options can vary significantly between large and small companies as well as business sectors & the products and services provided, Sales Tax advice can prove invaluable in navigating the Sales Tax system & avoiding penalties.
Working with you as your business grows, we can also provide you with Sales Tax advice that ensures you are aware of any changes in the Sales Tax obligations of your business. This can involve Sales Tax advice about the appropriate Sales Tax scheme(s) for your business as well as Sales Tax advice about the level of Sales Tax you should be charging on your products / services.
Sales Tax Registration
Sales Tax registration is currently required in the Pakistan for most businesses with an annual turnover or electricity bill in excess of the Sales Tax threshold. If you are likely to reach the threshold, you must act now to ensure your Sales Tax registration is in place in time. We can guide you through the Sales Tax registration process and can also advise on the following:
- when a business must register
- what constitutes legitimate or artificial separation of businesses
- when voluntary registration may be beneficial for your business
- what steps you need to take while waiting for your Sales Tax registration application to be processed
- whether Sales Tax registration is required even if your business is based outside the Pakistan.
Sales Tax Returns Services
We also offer a Sales Tax Returns Service, whereby we prepare and submit your Sales Tax returns to Tax Authorities.
In order for us to provide our Sales Tax Returns Service, we first need to receive your formal authorization to act on your behalf as your agent. Once in place, we can then work with you to set up the procedures required for the smooth running of our Sales Tax Returns Service.
Please note that although we can provide the Sales Tax Returns Service, you remain legally responsible for the declaration and the payment of any Sales Tax.