Date for Filing of Returns
Date for filing of sales tax and federal excise returns for the months of July and August, 2011 has been extended upto 26th of September 2011
Amendment in SRO.967(I)/2007
Through an amendment in SRO.967(I)/2007 dated 20th September 2007, FBR has allowed clearance of containerized cargo routed through Qasim International Container Terminal (known as QICT) from Port Qasim Karachi. The said port is operating locally developed customs clearance system know as WeBOC. Previously, containerized cargo imported through the said port was cleared from PaCCS which is owned by Agility, a…
FBR Notification SRO 821
FBR has issued Notification No. SRO 821(1)/2011 dated 6.9.2011 for providing legal cover to its measure regarding mentioning of NTN or CNIC number of un-registered buyers. Now all importers, manufacturers and exporters are required to mention NTN or CNIC of un-registered buyers on sales tax invoices. The same will be required to be reflected in…
FBR SRO 822
FBR has issued Federal Excise Notification No. SRO 822(I)/2011 with a view to restrict adjustment of Federal Excise Duty paid on beverage concentrate use in the manufacture of aerated waters. This adjustment has been restricted with a view to ensure that no refund claim accrues on account of use concentrate in aerated waters. At present excise duty on…
FBR instructions for filling of Sales Tax & Federal Excise Return
Federal Board of Revenue has issued instructions for filing of Sales Tax & Federal Excise Return. Board has directed manufacturers, importers and exporters to write down CNIC/NTN on the invoices issued to unregistered buyers. This direction is effective from 01.09.2011. This restriction is however not applicable on restaurants, bakers and sweet shops on their retail…