GOOD & SERVICES TAX - INTRINSIC ISSUES & SOLUTIONS

Managing your sales tax risk in todays challenging environment

19 December 2014 - Karachi | 22 December 2014 - Lahore | 24 December 2014 - Islamabad

COURSE OVERVIEW

Today businesses across Pakistan are exposed to multiple and divergent Sales Tax Laws. By and large,
challenges exist both on legal and implementation sides of sales tax. On one hand, the challenging
business dynamics cannot afford to lose any tangible opportunity, yet on the other hand, the sales tax
laws demand a more focused degree of compliance and contribution to federal and provincial
exchequers.
This calls for an interactive session to discuss intrinsic issues in goods and services taxation and to get
equipped with effective problem solving methodologies.

WHO SHOULD ATTEND

Chief Financial Officers

Finance Directors
Finance Managers
Tax Planners
Supply Chain Managers
Procurement Managers
Academicians
Anyone concerned with taxation affairs of businesses

TRAINERS PROFILE
ADNAN MUFTI, FCA
Partner in Shekha & Mufti, Chartered Accountants an independent member of Moore
Stephens International Limited and Head of Indirect Tax Services of the firm

Member, Sub Committee of Indirect Taxes, Tax Reforms Commission, Government of Pakistan
IFC Accredited Mediator
Member, Alternative Dispute Resolution Committee (ADRC), constituted by Federal Board of
Revenue

Member, ICAP Taxation Committee

Member, Indirect Tax Committee, Karachi Tax Bar Association
Adnan Mufti has also presented technical / research papers in workshops / seminars organized by
Federal Board of Revenue, Sindh Revenue Board, ICAP, ACCA, ICMAP, Taxation Law Society, COMMECS,
Institute of Corporate Secretaries of Pakistan and Tax Bar Associations. He has also attended various
national conferences / seminars and an international workshop on Indirect Taxes and VAT Laws.

WORKSHOP CONTENTS

GOODS TAXATION

SERVICE TAXATION

TAX COMPLIANCES
AND WITHHOLDING

Law & Business Issues in Extra Tax

How to claim Extra Tax?
Who is an unregistered person and exempted from further tax?
Implications of Taxation in VAT Mode
Claim of input tax listed in the negative list
What is direct use of goods?
Contradiction in Section 8 and SRO 490
Tax Treatment on Fixed Assets
Input Tax on Good, Services acquired from Unregistered Persons &
Withholding tax
Tax credit on reduced rate services
GST on Retailers
Taxation of Textiles, Ghee, Cooking Oil, Oil Extracting Units,
Confectionary & Other Industries
Tax on Advances
Audit & Investigation
Significant Case Laws & Rulings from Courts
Overlapping Services in Sales Tax Act 1990, FED, Sindh, Punjab & KP
Sales Tax Laws
Legislative Conflicts & Key Differences in Laws
Business Issues in Classification of Services
Service versus Service Provider
Assessment of multiple services rendered by a single taxpayer
Are reimbursable expenses taxable?
Claiming input tax credit against reverse charge taxation
Issuance and settlement of invoice versus Taxable Service
Trading of Services
Intermediary Services
Issues in Franchise Services, Labour & Manpower Services,
Transportation & Courier Services, Telecommunication, Toll
Manufacturing, Software, Business Support Service, Advertisements,
Banking & Financial Services, Production House, Advertising Service,
and Software & IT based system development, Fashion Designers and
rent-a-car etc.
Sales Tax Implications on Government Organizations
Consumption of Goods in rendering of service
Distinctive features of Provincial & Federal WHT Laws
Determining relevant tax jurisdiction for WHT & WHT on cross border
invoice
Withholding Tax on Advertisements Invoices & Industry Issues
Refund of withholding tax and adjustments
Advance payments
Is withholding applicable on goods / services in VAT mode?
Are CREST discrepancies legal?
Issues in CREST
Blacklisted/Suspended & Inactive Taxpayers & input tax adjustments
under the law
Debit / Credit Note adjustments against unregistered supplier
Reporting of WHT in Debit / Credit Notes
Reporting of Advance Payment Receipts (APRs) and subsequent
invoices
Questions & Answers