VAT & SD Act 2012
Section 2 Clause 87 - Adjustment Event
(as updated till Finance Ordinance 2025)
“adjustment event” means any following events, namely:-
(a) cancellation of any supply;
(b) alteration of consideration of any supply;
(c) return of all or parts of goods supplied to the supplier;
(d) conversion of a supply into a zero-rated or an exempted supply as a result of alteration in the nature of supply; or
(e) any other event as may be prescribed;
Disclaimer: This is the authentic English text of The Value Added Tax and Supplementary Duty Act 2012, as published under SRO No. 440-Law/2025/326-Mushak dated 05 November 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.