Vide SRO 486(I)/2015 dated 30.06.2015, following changes have been made in SRO 1125(I)/2011: i) Maize (corn) starch has been excluded from SRO 1125(I)/2011 dated 31.12.2011. It will now be liable to tax at standard rate. ii) Table-II of SRO has now been substituted. The sales tax rates for various items will now be as under….
Vide SRO 487(I)/2015 dated 30.06.2015, the following dates have been specified for payment of sales tax and filing of return by certain sectors: i) 18th day of the month following the tax period for payment of sales tax on petroleum products. ii) Return filing date for petroleum exploration and production companies will be 21st day…
Vide SRO 488(I)/2015 dated 30.06.2015, the following notifications have been rescinded: 1) SRO 208(I)/1998, dated the 31st March, 1998 (Exemption of sales tax on sugar); 2) SRO 397(I)/2001, dated 18th June, 2001 (Specification of plant and machinery to be supplied to manufacturers in the EPZ); 3) SRO 77(I)/2004, dated 28th January, 2004 (Zero-rating of sugar…
Vide SRO 491(I)/2015 dated 30.06.2015, minimum value of the locally produced coal has been fixed at Rs.2500/- per MT. Previously, the value was Rs.1,000/- only.
Vide SRO 610(I)/2015 dated 30.06.2015 Federal Government has made following amendments in SRO 678(I)/2004 dated 07.08.2004 relating to concession of customs duty to E&P companies on import of machinery, equipment, specialized vehicles etc. (a) Concession on import of pick-ups (4×4) has been withdrawn; (b) Concession on import by sub-contractors has been withdrawn; (c) Time limit…
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…
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 121(I)/2015 dated 12.02.2015. Rate of regulatory duty on certain items have been increased from 5% to 10% or 156%. Following new items have also been subject to regulatory duty. Sr. No. Description PCT Heading 1 Dyes for hair 3305.9020…
Federal Government has levied 20% regulatory duty on import of Gur, raw sugar and white crystalline sugar. This regulatory duty has been levied in addition to 25% customs duty leviable on import of these goods.
This is to inform you that we are holding a post budget seminar for our clients to discuss / explain budgetary changes in Income Tax, Customs, Sales Tax & Federal Excise laws in the budget for Financial Year 2014-15 as per following schedule. A representative of your organization may kindly be nominated to attend the…
