Amendment of SRO regarding VAT deduction at source

SRO no.158/AIN/2021/155-Mushak – VDS rates for furniture:
In Production stage (15% if furnitures are supplied to consumers directly from factory) – 7.5%
In trading stage (if no chalanfor 7.5% in production stage then 15%) – 7.5%

– An individual, VAT registered not as manufacturar, purchase goods or services from importer, manufacturar, trader or service provider and sell goods or services to withholding entities is a procurement provider.

– 6.6 needs to be issued within 3 days of depositing of VDS and the main copy of both challan and 6.6 should be submitted to relevant tax circle, one copy to be provided to vendor and one copy to be retained for 5 years.

– Adjustments need to be done within the next period when period purchases are paid.