COMMISSIONER INLAND REVENUE versus GUL ENTERPRISES
Transactions of Section 73 and Trans 47 are not acceptable The interpretation of Section of 73 of the Sales Tax Act 1990 and the reference to the High Court Department found that the taxpayers' personal bank account, which was the sole proprietorship of the Assessment Firm. , Cannot be taken as an issue. The business account and the transaction cannot be allowed to be adjusted, since the sole proprietor's private bank account was taken as a business account at the time of registration under the Sales Tax Act 1990, therefore, the transaction banking channels Wind, so the adjustment input tax could not be ruled out for mere technical expertise. It was originally learned that input adjustments made through the business account are allowed (payments to the supplier), however such payments made through the personal bank account are not allowed to be followed by the taxpayers. With the department, it was revealed that the bank account column was left blank which means that there is no account in the name of the business. The department was present with the fact that the account registered with the department was not in the name of the business sales tax act. The provisions of section 73 of the 1990 Act were not sufficient to enforce the provisions of section 73 of the Sales Tax Act, 1990. The business account must be registered with the Department, which the Legislature intended that all transactions applicable under the Sales Tax Act 1990 be considered from one account to reduce the chances of non-compliance and false declaration. All transactions were from one account. It is also important to trace the supply chain of taxable goods so that taxable goods will bear the burden of taxpayers till then.
Related judgments — Lahore High Court Lahore, 2015
