CAF-2 · Chapter 18 · Question 14 of 15
In cases where excess input tax arises specifically because the registered person made zero-rated local supplies or exports during the tax period, what is the statutory time limit for the FBR to refund this excess input tax?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) A) Not later than 45 days of filing the refund claim.
Explanation
If input tax exceeds output tax on account of zero-rated local supplies or export, the excess amount shall be refunded not later than 45 days of filing of the refund claim.
More Determination of Sales Tax Liability MCQs
- Q1If a registered person inadvertently failed to deduct input tax in the relevant tax period in which the purchase was made, what is the…
- Q2Alpha Ltd purchased taxable raw materials worth Rs. 500,000 from a registered supplier on credit. The tax invoice was issued on 1 January…
- Q3Which of the following input taxes is strictly INADMISSIBLE under Section 8 of the Sales Tax Act, 1990?
- Q4A registered manufacturer has an output tax liability of Rs. 1,000,000 for the month of August 2026. The input tax paid on raw materials…
- Q5Following up on the 90% input tax restriction under Section 8B, which of the following input tax claims is EXEMPT from this 90% limitation?