Sales Tax Instructions

Sales Tax Instructions, 2009
SUBJECT:-
JOB DESCRIPTION OF COST ACCOUNTANT.
The Cost Accountant in the CBR (sales tax wing) and in the Collectorates of
sales tax will work under the administrative control of Chief (Sales Tax ) and Collector or
the Additional Collector in charge of sales tax, respectively.
Function to be performed by cost Accountant are as under:-
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
To develop selection criterion for audit of the taxpayers in coordination
with the Collector, Additional Collector, Deputy Collector /Assistant
Collector (Audit);
To examine and tender his opinion on any audit report referred to him by
Deputy Collector/Assistant Collector (Audit);
To personally conduct audit of large taxpayers under special
circumstances if so desired by Collector, Additional collector (Audit);
To study the Financial Report referred to him of large companies
prepared by their own auditors compare it with the taxpayers profile and
submit his report to the Additional Collector (Audit) for further
necessary action;
To ensure that the Sector/Industry Notes are updated and are relevant at
all times through liaison with CBR. Also to suggest updating
modifications and amendments therein for CBR‘s approval (through the
Collector);
To ensure that the Audit Manual is updated and is relevant at all times
through liaison with CBR. Also to suggest updating modifications and
amendments therein for CBR‘s approval (through the Collector);
To be responsible for the training of all audit officers & staff and audit
managers with in the Collectorate. The training will include:-
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
Guidance on costing techniques and analysis of financial
statements;
Calculation of installed capacity and operating capacity of
industrial units;
Comparative sectoral studies with reference to input tax and
output tax ratios;
Calculation of input output coefficients and percentages of
wastage;
Critical examination of the declared value of supply with
reference to input cost inventory and value addition at various
stages of activity;
Critical examination of the declared turnover as filed under the
Sales Tax Act, 1990 and /or the Companies Ordinance; and
Computerized auditing and audit of computer records;
Any other assignment given by the CBR or the Collector or the
Additional Collector (Audit) or any reference made or advice
sought by Deputy Collector Assistant Collector (Audit ) for