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Federal Excise Duty and Sales Tax on Production Capacity (Aerated Waters) Rules, 2013

Federal Government has issued “Federal Excise Duty and Sales Tax on Production Capacity (Aerated Waters) Rules, 2013” vide SRO 649(I)/2013 dated 09.07.2013. These rules are effective from 10.07.2013. Manufacturers of aerated waters are now required to pay federal excise and sales tax on production capacity of the manufacturer. Every manufacture will file declaration in respect…

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Sales Tax General Order No. 28 of 2013

Federal Board of Revenue has issued Sales Tax General Order No. 28 of 2013 dated 05.07.2013. Federal Board of Revenue has allowed registered person dealing in Third Schedule Items to use existing packing material for a period of two months from 13.06.2013 subject to the conditions that (i) the registered person shall inform the Commissioner…

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SRO 657(I)/2013

Federal Government has issued notification vide SRO 657(I)/2013 dated 11.07.2013. By virtue of this notification sales tax will be charged @5% on import and local supplies of  second-hand and worn clothing classifiable under PCT heading 6309.0000

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ZERO RATING OF CERTAIN GOODS AND THEIR RAW MATERIALS — SRO670(I)/2013 DATED 18.07.2013

Federal Government has issued notification No. SRO 670(I)/2013. Import and local supply of following goods and raw materials, packing materials, sub-components, components, sub-assemblies and assemblies shall be charged @ zero percent sales tax subject to certain conditions enumerated in the notification: – 1.  Colors in sets 2.  Writing, Drawing and marking inks 3.   Erasers 4.   Exercise…

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SRO.669(I)/2013 dated 19.07.2013

FBR has issued SRO.669(I)/2013 on 19.07.2013. Text of the SRO is as under:- In exercise of powers conferred by sub-section (2) of section 53 of the Income Tax Ordinance, 2001, the Federal Government is pleased to direct that the following further amendment shall be made in the Second Schedule to the said Ordinance, namely; In…