Sales Tax Instructions

Sales Tax Instructions, 2009
RECONCILIATION:
1. Following aspect of sales and purchases also be checked and reconciled:-
ITEMS
SALES
(A)LOCAL
TAXABLE
GOODS
(B) LOCAL
EXEMPT
GOODS
(C) EXPORT
I.E. ZERO
RATED
GOODS
TOTAL
PURCHASES
(A)
DOMESTIC
TAXED
GOODS
(B)
IMPORTED
TAXED
GOODS
(C) EXEMPT
GOODS
TOTAL
OTHER DETIALS:
Check the following also:-
AS
PER
ANNU-
AL A/C
AS PER
RETU-
RNS
VARI-
ATIO
N
TAX
EFFEC
T
REM
-
ARK
S
Other tax registration number (if any) and total of last 2 digits should be 10.
Reconciliation from income tax payment (reported profits and amount paid).
Capacity should corresponds with production.
Possibility of stock at different places.
Production should co-relate with utility bills of different periods i.e. establish use of
utility (water/electricity/gas) to make a unit of complete product or service e.g. unit of
electricity per ton of steel melted.