Federal Board of Revenue has issued procedure for grant of zero-rating on purchase of Furnace Oil, Diesel Oil and Coal in terms of SRO 1125(I)/2011 dated 31.12.2011. FBR has issued Sales Tax General Order No. 107 of 2016 dated 20.09.2016. STGO is a cyclostyle copy of STGO 117 of 2015 dated 14.07.2015 issued for specifying…
Federal Government has made amendment in SRO 254(I)/2015 dated 30.03.2015 vide SRO. 854(I)/2016 dated 09.09.2016. Vide this amendment regulatory duty on import of wheat (PCT heading 1001.1900 and 1001.9900) has been enhanced to 60% of the value of imports.
FBR has extended date of filing of sales tax and federal excise return for the month of August 2016 as follows: Annex-C – 19/09/2016 Payment – 22/09/2016 Submission of return – 23/09/2016
Section 2(14) of the Sales Tax Act, 1990 has been amended by the Tax Laws (Amendment) Ordinance, 2016. By virtue of the amendment, input tax adjustment in respect of sales tax paid on services has been allowed.
