Explanation

where by a deliberate act, a tax has not been levied, the person liable to pay that tax shall be:  Serves with a notice under section 11 of the act 

Explanation

Chartered accountants, cost and management accountants, officer of Inland Revenue or any other person to conduct an audit and make.

Explanation

Any person who fails to issue any invoice shall pay a penalty of Rs 5000 or 3% of the tax involved, which ever is higher

Explanation

Arrears means amount paid is less than the tax amount payable.

Explanation

electronically by means of electronic equipment or devices

Explanation

Sales tax is an amount of money, calculated as a percentage, that is added to the cost of a product or service when purchased by a consumer at a retail location.

Explanation

supply means a supply which  include every kind of movable property other than actionable claims, money, stocks, shares and securities.

Explanation

Sales tax is bifurcated into two categories: sales tax on goods and sales tax on services.

The legislation on sales tax on goods is done by the Federal Government and has been set to 17% since 2013

Explanation

Tax liability is the amount an individual, business, or other entity is required to pay to a federal, state, or local government.

Explanation

 wholesale dealer a distributor that sells products to a retailer.