Notification Fixing Value of Supply of Gas to CNG stations

Federal Board of Revenue has issued SRO ____ (I)/2014 dated 31.03.2014 fixing value of supply of CNG to CNG stations. By virtue of this notification, value for charging sales tax by gas distribution companies on supplies to CNG station will be the consumer price of CNG as notified by OGRA (Oil and Gas Regulatory Authority) from time to time. Rate of sales tax will be 17% of the referred value. This notification has been issued to implement Section 3(8) of the Sales Tax Act, 1990 as amended vide the Sales Tax (Amendment) Ordinance, 2014.