201508.29
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Change in the Criteria of Registration for Retailers

Vide SRO 738(I)/2015 dated 31.07.2015,  Federal Government has made amendments in Chapter-II (Special Procedure for Payment of Sales Tax by Retailers) of the Sales Tax Special Procedure Rules, 2007. Criteria for registration of retailers was changed through SRO 608(I)/2014 dated 02.07.2014 and retailers and trade bodies were consistently opposing the same. Now FBR has amended…

201508.22
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Amendment in SRO 565(I)/2006 dated 05-06-2006

Vide SRO565(I)2014 dated 26.06.2014, substantial changes have been made in SRO565(I)2006 dated 5th June 2006. Number of items eligible to concessionary rate of duty has been reduced to 59. The previous SRO covered more than 157 items. Treatment of each concession may be individually examined and queries, if any, may be raised. Main features of…

201508.22
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Revision of Sales Tax Rate on Petroleum Products

Federal Government vide SRO383(I)/2015 dated 30.04.2015 has again revised rate of sales tax on import and local supply of petroleum products. These rates have been made effective from 01.05.2015. New rates and previous rates are as under: Sr. No. Description PCT Heading Rate of sales tax as on 30.04.2015 Rate of Sales Tax w.e.f. 01.05.2015…

201508.22
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Change of Rate of Sales Tax on Petroleum Products

Federal Government has amended its notification SRO No. 383(I)/2015 dated 31.04.2015 through SRO 470(I)/2015 dated 31.05.2015. Rate of sales tax on petroleum products w.e.f. 01.06.2015 shall be as under: Rate of Sales Tax S. No  Product Description Old Rate of Sales Tax  New Rate of Sales Tax 1. Motor Spirit 20% 19% 2. High Speed…

201508.22
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Adjustment of input tax paid on services (provincial Sales Tax)

Federal Government has issued a notification No. SRO____/(I)/2014 dated 26.01.2014. Through this notification Federal Government has notified that input tax paid on services liable to provincial sales tax shall be treated as input tax for the purposes of the Sales Tax Act, 1990. This notification has been made effective from 01.07.2013. Issuance of this SRO…

201508.22
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Proposed Budgetary Changes in Islamabad Capital Territory (Tax on Services)

Schedule of taxable services has been revised to make the same at par with the sales tax levied on such services under the respective sales tax on services regimes. The new Schedule is as under: S. No. Description PCT Heading, if applicable Rate of Tax (1) (2) (3) (4) 1 Services provided or rendered by…