Tax Work

PST Registration (Company)

PST Registration (Company)

PST registration for companies is necessary for businesses that sell taxable goods and services within a province. It allows the company to collect and remit Provincial Sales Tax, ensuring compliance with local tax regulations.

For a company to register for Provincial Sales Tax (PST) in Pakistan, the following documents and information are typically required:

  1. Incorporation Certificate:

    • The legal document that shows your company is officially registered with the relevant government authority.
  2. NTN (National Tax Number):

    • The company’s National Tax Number, issued by the Federal Board of Revenue (FBR).
  3. CNIC of Directors/Owners:

    • Computerized National Identity Cards of the company’s directors or owners.
  4. Bank Account Details:

    • The business bank account details where transactions related to sales tax will be handled.
  5. Business Address Proof:

    • Proof of the company’s registered business address, such as a utility bill, lease agreement, or ownership document.
  6. Details of Business Activities:

    • Information regarding the types of goods or services the company provides.
  7. Memorandum and Articles of Association (if applicable):

    • Documents outlining the company’s purpose and operational guidelines.
  8. Authorization Letter (if applicable):

    • If the registration is being completed by an agent or third party, an authorization letter is required.
  9. Partnership Deed (if applicable):

    • If the company is a partnership, a copy of the partnership deed must be provided.
  10. Trade License (if applicable):

    • Any relevant trade or business licenses required by the provincial authority.

At TaxWork, we make the Provincial Sales Tax (PST) registration process for companies simple and hassle-free. Here’s how we can assist your company:

  1. Comprehensive Consultation:

    • Our tax experts offer detailed consultations to help you understand the requirements and steps involved in PST registration for your company.
  2. Document Preparation and Review:

    • We assist in gathering and preparing all the necessary documents, ensuring they are complete and meet the provincial tax authority’s standards.
  3. Streamlined Application Process:

    • We handle the entire online submission process, ensuring that your company’s application is accurate and complete, minimizing the chances of delays or rejections.
  4. Ongoing Support and Follow-Up:

    • After submission, we actively monitor the progress of your application, addressing any queries or issues that may arise from the tax authorities.
  5. Customized Service:

    • Whether your company needs help with specific aspects of the registration or requires end-to-end support, our services are tailored to meet your unique needs.
  6. Post-Registration Assistance:

    • After successful registration, we provide guidance on filing periodic returns and complying with ongoing PST requirements.

 

FAQ's 

PST (Provincial Sales Tax) registration for a company involves registering with the provincial tax authority to collect and remit sales tax on taxable goods or services the company provides within the province.

Any company that provides taxable goods or services within a province that imposes sales tax must register for PST. This includes companies in sectors like retail, services, manufacturing, and others that fall under the taxable categories.

For PST registration, a company typically needs to provide:

  • Incorporation Certificate: Proof of the company’s legal registration.
  • NTN (National Tax Number): Issued by the Federal Board of Revenue (FBR).
  • CNIC of Directors/Owners: Identity documents of the key stakeholders.
  • Bank Account Details: Company’s business bank account information.
  • Business Address Proof: Utility bill, lease agreement, or ownership document.
  • Details of Business Activities: Information about the goods or services offered.
  • Memorandum and Articles of Association: (if applicable) to show the company’s purpose and operations.

A company can apply for PST registration online through the provincial tax authority’s website. The process involves filling out an application form and submitting the required documents electronically.

The registration process can take anywhere from a few days to a few weeks, depending on the province and how complete and accurate the submitted documentation is.

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