I am distributor of Lubricants, previously 17% sales tax was charged on sales price but as per finance Act 2019 Lubricants are now placed in 3rd Schedule as per this act now the manufacturer will pay sales tax on MRP. Now the company gave us discounted price and we sell giving discount to Industry but the sales tax will remain the same(paid at Manufacturer end) as we have to generate the sales Invoice mentioning Price and Sales Tax. Problem is that when I have to mention sales tax in system it gave options in % whereas I need manual feeding for sales tax.
Thats why I requested to kindly help me in this how can I put sales tax fixed amount in Purchase and sales invoices.
for your reference I am attaching the Finance Act 2019, 3rd Schedual list 2019 and FBR explanation on Sales Tx 2019.
(Attachment ST-3RD SCHEDULE-2019.pdf is missing)
(Attachment FBR Explanation on Sales Tax.pdf is missing)
(Attachment KPMG Finance Act 2019.pdf is missing)