CAF-2 · Chapter 17 · Question 7 of 15
Where a person files an application for sales tax registration as a manufacturer but has not yet installed machinery, he may be granted "temporary registration" for the purpose of importing machinery. For how long is this temporary registration valid?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) B) 60 days
Explanation
Temporary registration as a manufacturer shall be allowed for a period of sixty (60) days, subject to furnishing a complete list of machinery to be imported along with the Bill of Lading or Goods Declarations.
More Scope of Sales Tax Law and Rules for Registration and Deregistration MCQs
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- Q10What is the primary difference between a "zero-rated supply" and an "exempt supply" under the Sales Tax Act, 1990?
- Q11A registered person makes a taxable supply of a home appliance to a consumer from the general public on an installment basis. The cash…
- Q12How is sales tax collected from retailers who do NOT fall into the Tier-1 category?
- Q13For items specified in the Third Schedule (such as fruit juices, ice cream, and toilet soap), how is the sales tax calculated and displayed?