NEW RATES FOR TAX AT IMPORT STAGE FOR NON-FILER
In the Part-II of First Schedule, there were uniform rates of tax collection u/s 148 (Imports) for filers and non-filers.
Now, through SRO 136(I)/2015 dated 13.02.2015, different rates of tax collection have BEEN given for the filers and non-filers.
|(i) Industrial undertaking importing remeltable steel (PCT Heading 72.04) and directly reduced iron for its own use;(ii) Potassic fertilizers in pursuance of Economic Coordination Committee of the Cabinet’s decision No.ECC-155/12/2004 dated the 9th December, 2004;(iii) Urea;
(iv) Manufacturers covered under Notification No. SRO 1125(I)/2011 dated the 31stDecember, 2011.
|1% of the import value||1.5% of the import value|
|Persons importing pulses||2% of the import value||3% of the import value|
|Commercial importers covered under Notification No.SRO 1125(I)/2011 dated the 31st December, 2011||3% of the import value||4.5% of the import value|
|Ship breakers on import of ships||4.5%||6.5%|
|Industrial undertakings not covered under S. Nos. 1 to 4||5.5%||8%|
|Companies not covered under S. Nos. 1 to 5||5.5%||8%|
|Persons not covered under S. Nos. 1 to 6||6%||9%|
(ii) Rates of tax deduction on payments made towards services rendered have also been changed in the following manners:
|(a)||Company||8% of the gross amount payable||12% of the gross amount payable|
|(b)||Others||10% of the gross amount payable||15% of the gross amount payable|