SRO 367(I)/2013

Federal Government has amended Sales Tax Special Procedure Rules, 2007 vide amending notification No.SRO 367(I)/2013 dated 08.05.2013. Before issuance of this SRO, value addition tax @ 3%, in addition to the standard 16% rate of sales tax, was applicable on import of goods except goods imported by a manufacturer for in-house consumption. The service providers, importing goods for in-house use were, therefore, liable to this value addition tax. After this amendment dated 08.05.2013, registered service providers importing goods for their in-house business use or for furtherance of their taxable activity shall be exempt from value addition tax at the time of import of goods provided that these goods are not intended for further supply/sale.