Federal Government vide its notification No. 175(I)/2015 dated 27.02.2015 changed rate of sales tax on petroleum products. New rates w.e.f. 01.03.2015 are as under: 1- Petrol / Motor Spirit / Hi-Octane 18% 2- Kerosene Oil …
Vide SRO 188(I)/2015 dated 05.03.2015 Federal Government has introduced Chapter XV ” Special Procedure for Sales Tax on Cottonseed Oil Expelled by Oil Expelling Mills and Composite Units of Ginning and Expelling” in the Sales Tax Special Procedure Rules, 2007. Salient features of the rules are as under: 1- Sales tax shall be levied @…
Federal Government has made certain amendments in its notification No. SRO 568(I)/2014 dated 26.06.2014 through SRO 246(I)/2015 dated 27.03.2015. Following new items have been included in the list of goods which will be subject to regulatory duty. Rate of regulatory duty is also mentioned against each item: 1- Flat- rolled products of iron or non-…
