FBR on 25.09.2014 has selected following number of taxpayers for audit through random computer ballot. Income Tax Corporate 1,876 cases Income Tax Non-Corporate 62,962 cases Sales Tax Corporate 1,410 cases Sales Tax Non-Corporate 11,095 cases Federal Excise Corporate …
FBR on 25.09.2014 has selected following number of taxpayers for audit through random computer ballot. Income Tax Corporate 1,876 cases Income Tax Non-Corporate 62,962 cases Sales Tax Corporate 1,410 cases Sales Tax Non-Corporate 11,095 cases Federal Excise Corporate …
FBR has issued Sales Tax General Order No.27 of 2014 to rectify the anomaly created due to creation of 2% extra tax vide SRO 896(I)/2013 dated 04.10.2013. It has been laid down in the Sales Tax General Order that 2% extra tax will not be applicable on supplies of auto parts and accessories, tyres and…
This is to inform you that we are holding a post budget seminar for our clients to discuss / explain budgetary changes in Income Tax, Customs, Sales Tax & Federal Excise laws in the budget for Financial Year 2014-15 as per following schedule. A representative of your organization may kindly be nominated to attend the…
FBR vide its letter C. No. 3(9)ST-L&P/2010/118327 dated 22.08.2014 has extended date of payment of sales tax and Federal Excise Duty and filing of sales tax return up to 27.08.2014
FBR vide its letter C. No. 3(9)ST-L&P/2010/115211-R dated 15.08.2014 has extended date of payment of sales tax and Federal Excise Duty and filing of sales tax return up to 22.08.2014
Certain amendments have been made in respect of following: 1. Special Procedure for payment of sales tax by retailers; 2. Special Procedure for collection and payment of sales tax on natural gas; 3. Special Procedure for payment of sales tax by steel melters, re-rollers and ship breakers; and 4. Special Procedure for payment of sales…
Vide SRO 580(I)/2014 dated 28.06.2014, Federal Government has made certain changes in SRO 559(I)/2008 dated 11.06.2008. Following amendments have been made in the notification:- 1- Concession on import of raw materials for Laundry Soap has been withdrawn. 2- Concession on import of following raw materials for manufacture of toilet soap has been withdrawn. i) …
Vide SRO 631(I)/2014 dated 11.07.2014, Federal Government has imposed 5% regulatory duty on following further items through an amendment in SRO 568(I)/2014 dated 26.06.2014. 1- Shampoo of PCT heading 3305.1000 2- Other Lamps and lighting fittings including searchlights and spotlights and parts thereof, not elsewhere specified or included; illuminated signs, illuminated name- plates and the like,…
Vide SRO573(I)/2014 dated 26.06.2014 , the following notifications have been withdrawn: a) SRO549(I)/2008 relating to zero rating of certain items. b) SRO551(I)/2008 relating to conditional exemption of various items. c) SRO727(I)/2011 dated 1st August, 2011 relating to conditional exemption on import of machinery. d) SRO501(I)/2013 dated 12th June, 2013 relating to exemption of certain items….
