In the Part-II of First Schedule, there were uniform rates of tax collection u/s 148 (Imports) for filers and non-filers. Now, through SRO 136(I)/2015 dated 13.02.2015, different rates of tax collection have BEEN given for the filers and non-filers. Sr.No. Persons Filers Non-filers (i) Industrial undertaking importing remeltable steel (PCT Heading 72.04) and directly reduced…
Federal Government vide SRO 83(I)/2015 dated 30.01.2015 amended its notification No. 1152(I)/2014 dated 30.12.2014. Rate of sales tax has been increased from 22% to 27% on import and local supply of petroleum products namely, Petrol including Hi-Octane, Kerosene Oil, Light Diesel Oil and High Speed Diesel Oil. This notification will take effect from 01.02.2015
Vide SRO 132(I)/2015 dated 12.02.2015, Federal Government has imposed 5% regulatory duty on import of Furnace oil (PCT Code 2710.1941).
In the Part-II of First Schedule, there were uniform rates of tax collection u/s 148 (Imports) for filers and non-filers. Now, through SRO 136(I)/2015 dated 13.02.2015, different rates of tax collection have BEEN given for the filers and non-filers. Sr.No. Persons Filers Non-filers (i) Industrial undertaking importing remeltable steel (PCT Heading 72.04) and directly reduced…
Federal Government vide SRO 04(I)/2015 dated 06.01.2015 has rescinded SRO 340(I)/2014 dated 02.05.2014. 25% regulatory duty was imposed on export of potatoes through SRO 340(I)/2014 w.e.f. 05.05.2014. Federal Government has withdrawn this regulatory duty with immediate effect through rescinding this notification.
Vide SRO. 08(I)/2015 dated 09.01.2015 has imposed 20% regulatory duty on import of “Beet Sugar”, “Other Cane Sugar” and “White Crystalline Beet Sugar”. Previously this regulatory duty was imposed on “Gurr”, “other Sugars” and “White Crystalline Sugar”
Certain changes have been made in SRO 568(I)/2014 dated 26.06.2014 through SRO 18(i)/2015 dated 14.01.2015 wherein Federal Government has imposed regulatory duty on products of iron & steel and cellular mobiles. Rate of regulatory duty is mentioned against each item in the below Table: Sr. No. PCT Heading Description Rate of Regulatory Duty 203A 72.07…
Federal Government vide its notification No. 1152(I)/2014 dated 30.12.2014 has imposed 22% sales tax on import and local supply of petroleum products namely, Petrol including Hi-Octane, Kerosene Oil, Light Diesel Oil and High Speed Diesel Oil. Previously these products were liable to 17% sales tax. This notification will take effect from 01.01.2015
Federal Government has levied 20% regulatory duty on import of Gur, raw sugar and white crystalline sugar. This regulatory duty has been levied in addition to 25% customs duty leviable on import of these goods.
Governor of the Punjab has issued notification No. SO(TAX) 1-2/97 (Exemption Newspapers) dated 23.09.2014 to withdraw sales tax on advertisements in newspapers, magazines, journals and periodicals including classified ads.
