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    Taskeen Ali
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    This document summarizes the tax calculation for a coffin carrier. It shows the amounts paid to suppliers, sales tax amounts, income tax, and the total net payable. It also includes the amounts paid to a middle man, additional taxes at registration, and assumptions around tax rates and fees. The total cost of the coffin carrier including all taxes and fees is estimated to be 17,682,300.

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    This document summarizes the tax calculation for a coffin carrier. It shows the amounts paid to suppliers, sales tax amounts, income tax, and the total net payable. It also includes the amounts paid to a middle man, additional taxes at registration, and assumptions around tax rates and fees. The total cost of the coffin carrier including all taxes and fees is estimated to be 17,682,300.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    12 views4 pages

    Bus Purchase Working

    Uploaded by

    Taskeen Ali
    This document summarizes the tax calculation for a coffin carrier. It shows the amounts paid to suppliers, sales tax amounts, income tax, and the total net payable. It also includes the amounts paid to a middle man, additional taxes at registration, and assumptions around tax rates and fees. The total cost of the coffin carrier including all taxes and fees is estimated to be 17,682,300.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 4

    Coffin carrier Tax Calculation

    26-Apr-23

    Paid for Amount Sales Tax @ 18% I.Tax Net Payable


    Isuzu (Parts) 12,000,000 2,160,000 637,200 13,522,800
    Bodymaker 2,800,000 - 280,000 2,520,000
    Total 14,800,000 2,160,000 917,200 16,042,800

    Middle man 14,800,000 2,664,000 785,880 16,678,120

    At the time of Registration


    A. Tax -
    Registration Fee gos 218,300 https://excise.gos.pk/taxes/motor-vehicle-tax/
    218,300

    Assumptions:
    1 All persons are Active Tax Payers
    2 Tax rate are applicable till 30th June 2023. After that there may be change of rates and fees
    Total Cost
    16,960,000 KPSIAJ will pay middle man to pay onward
    16,678,120 KPSIAJ Pay to middle man
    (16,678,120) Middle man will return
    785,880 KPSIAJ will pay tax authorities
    (785,880) Return cash as this will be adjusted in middle man return
    504,000 Differntial sales tax
    218,300 Registeration fee
    17,682,300

    change of rates and fees.

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