Federal Board of Revenue vide SRO _____/2014 dated 28.02.2014 has made cahnges in the Federal Excise Duty and Sales Tax on Production Capacity (Aerated Water) Rules, 2013 as notified vide SRO 649(I)/2013 dated 09.07.2013. By virtue of these amendments following changes are made in the rules. 1- Rate per filing valve or spout has been…
Federal Government vide SRO ____(I)/2014 dated 28.02.2014 has made amendment in SRO 490(I)/2004 dated 12.06.2004. Through this amendment, Federal Government has introduced capping of adjustment on aerated water manufacturers. Now aerated water manufacturers can only adjust 72% of their output tax liabilities against their input tax. Excess amount will be carried forward to the next…
Due date, through Circular No. 01 of 2014 dated 28th February, 2014 for the filing of Income Tax returns under amnesty scheme has been extended from 28th February, 2014 to 30th April, 2014.
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…
Due date, through Circular No. 01 of 2014 dated 28th February, 2014 for the filing of Income Tax returns under amnesty scheme has been extended from 28th February, 2014 to 30th April, 2014.
