201608.26
0
2

Update on agreement between Federal Government and SRB in respect of input tax adjustment of sales tax paid on services.

Dear Clients, It is informed that an agreement has been singed today between the Federal Government and SRB for allowing input tax adjustment of sales tax paid on services. Similar agreement is expected today with PRA as well. Ordinance and requisite notification are likely to be issued by 1st September, 2016.

201606.20
0
1

Punjab Infrastructure Development Cess on petroleum products supplied through pipelines held in abeyance.

The Punjab Government has held in abeyance the levy and collection of Punjab Infrastructure Development Cess on all petroleum products supplied through pipelines in the territory of Punjab until further orders vide Circular No.1 of 2016 dated 09.06.2016. Circular No.1 of 2016 can be accessed here: https://drive.google.com/open?id=0BwUI-PxfjgugTmdFSElqYlFkQkk

201606.20
0
0

Extension in Operation of Circular No.2 of 2015.

Vide Circular No.2 of 2015 dated 01.09.2015, Punjab sales tax on the services provided by persons engaged in inter-city carriage of goods by rail or road (S.No.48) was held in abeyance to the extent of transportation of oil through oil tankers and transportation of goods by informal non-corporate transporters of goods operating through “truck addas”,…

201603.27
0
0

Reduced Rate for Cable Operators

Vide SRO NO. SO(TAX)1-1/2015-16 (Vol. II) dated 17.03.2016 Provincial Government has notified that the services provided by Cable TV Operators falling under heading 9819.9000 will be chargeable to 2% reduced rate of sales tax. This scheme is optional for the service providers subject to certain conditions which interalia includes (i) intimation to Commissioner (HQ) within…

201601.13
2
3

Reduced rate of Sales Tax on Services in Punjab

Vide SRO NO. SO(TAX)1-1/2015-16 (Vol. II) dated 11.01.2016 Provincial Government has notified that the following services provided by stand alone service providers of the specified services will be chargeable to reduced rate of sales tax. This scheme is optional for the specified service providers subject to certain conditions which interalia includes (i) intimation to Commissioner…

201601.13
0
1

Reduced rate of Sales Tax on Services in Punjab

Vide SRO NO. SO(TAX)1-1/2015-16 (Vol. II) dated 11.01.2016 Provincial Government has notified that the following services will be chargeable to reduced rate of sales tax as specified against each. Simultaneously, input tax adjustment on these services has been disallowed. This notification has been initially issued for the tax year 2015-2016. Sr. No. Description of service…

201510.29
0
0

Punjab Revenue Authority (Amendment) Ordinance 2015

The Government of Punjab has issued The Punjab Revenue Authority (Amendment) Ordinance, 2015. Certain amendments have been made in the Punjab Revenue Authority Act, 2012. The changes are as under:- The definition of ‘member’ of the Authority has been amended. Amended definition is as under:- (j)      “member” means a member of the Authority and…

201509.18
0
1

The Lahore High Court has issued a stay order against the recovery of provincial sales tax

The Lahore High Court has issued a stay order against the recovery of provincial sales tax on services provided by Practitioners and consultants (9815.2000), Corporate Consultants (9850.0000) and Tax Consultants (9851.0000) vide its Order dated 09.09.2015. A copy of the stay order can be accessed here: http://akhtarali.com/provincial-sales-tax-authorities/

201509.09
0
2

Punjab sales tax on inter-city transportation held in abeyance

Vide Circular No.2 of 2015 dated 01.09.2015, Punjab sales tax on the services provided by persons engaged in inter-city carriage of goods by rail or road (S.No.48) has been held in abeyance to the extent of transportation of oil through oil tankers and transportation of goods by informal non-corporate transporters of goods operating through “truck…