VAT RETURN

May 19th, 2015
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Point Park University
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whose annual gross turnover exceeds Rupees One Crore in the previous year, shall determine his tax liability for every month and shall pay tax by the 20th day of the month, if paid through the crossed cheque.

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What is vat 16?Ans:- The relevant part of rule 36(1) of The Punjab Vat Act is reproduced below:-".... Provided further that a person, whose annual gross turnover exceeds Rupees One Crore in the previous year, shall determine his tax liability for every month and shall pay tax by the 20th da

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