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XYZ Associates
Computation of Sales tax
For the tax month/period, May 2019

RS
Computation of tax liability

Output tax 000

Less: Lower of
Input tax for current year
+B/f
Or: 90% of output tax
XXXX
Add: 3% on sales to unregistered person 0000
xxxxxxx
Less: Input tax on fixed asset

Tax to be paid
Sales tax to be carried forward (In case 90% of output tax is lower than total input tax) 00000

Refund on ZERO RATED supplied (portion in turnover+ Portion in fixed asset) 00000

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W# 01

Output tax Rs
Supplied to registered

Un registered

And all other supplies

Less: Returns

Total OUTPUT 000000

RATE @ 17% 000000

TOTAL TAX
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W# 02
Admissible/
Input tax Inadmissibl
e
Rat TAX
e
Purchases from registered admissible 17% xxxx
person
From unregistered person inadmissible
X
y
Total input 000000

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Apportionment of Input tax
Turnover Common Fixed
Input tax Asset
Input

Taxable Local Figure of xxx xxxx

Supplied Total output

Zero Rated Figure given xxxx xxxx

Exempt Given xxxx xxxxx

Supplies
Total input
tax

How to apportion:
1:
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