Changes During June ,2017
The said notification can be accessed here: https://drive.google.com/open?id=0BwUI-PxfjgugVnpua284blJFdUdHNks2RGVZRFJaZ2FHV0xJ
Proposed Changes in the Federal Excise Act, 2005 through Finance Bill 2017-18
The proposed changes can be accessed here: https://drive.google.com/open?id=0BwUI-PxfjgugNDBNTExRa3BkUm5HVGJvMWpjNkluX0lJMFUw
Extension in date of filing of sales tax and federal excise return for August 2016
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
Extension in the date of payment of sales tax and federal excise duty and submission of sales tax and federal excise return for the tax period of June, 2016.
The Federal Government has extended the date of payment of sales tax and federal excise duty from 15.07.2016 to 18.07.2016 and the date of submission of sales tax and federal excise return from 18.07.2016 to 21.07.2016 for the tax period of June, 2016.
Rescission of SRO 473(I)/2016 dated 03.06.2016 relating to rate of excise duty on cigarettes.
Vide SRO 486(I)/2016 dated 30.06.2016, notification SRO 473(I)/2016 dated 03.06.2016 relating to rate of excise duty on cigarettes has been rescinded.
Changes in Federal Excise Act, 2005 through Finance Act 2016-17.
The proposed changes can be accessed here: http://akhtarali.com/wp-content/uploads/2016/06/Changes-in-the-Federal-Excise-Act-2005.docx
Increase of excise duty on cigarettes
Vide SRO 1181(I)/2015 dated 30.11.2015, FBR has imposed fixed duty on cigarettes at the rates specified in the below table. Sr. No. Existing description of goods New description of goods Existing rate of duty New rate of duty 1. Locally produced cigarettes if theiron-pack printedretail price exceedsrupees three thousand three hundred and fifty per thousandcigarettes….
Federal Board of Revenue has selected 75,871 cases for audit
Federal Board of Revenue has selected 75,871 cases for audit in respect of Sales Tax, Income Tax and Federal Excise. These cases are selected for the tax year 2014 (July-2013 to June-2014) through computer ballot. The Audit Policy and list of selected cases can be found on the following link http://akhtarali.com/federal-board-of-revenue/
Extension in Date of Filing of ST&FE Return for the Tax Period July-2015
Federal Board of Revenue vide its letter C. No. 3(9)ST-L&P/2010-112693 dated 17.08.2015 has extended the date of submission of return up to 21.08.2015. However, date of payment of sales tax has not been extended. The date of payment for the month of July-2015 shall remain the same as 17.08.2015 (15.08.2015 and 16.08.2015 were falling on…
Extension in Date of Filing of ST&FE Return for the Tax Period July-2015
Federal Board of Revenue vide its letter C. No. 3(9)ST-L&P/2010-112693 dated 17.08.2015 has extended the date of submission of return up to 21.08.2015. However, date of payment of sales tax has not been extended. The date of payment for the month of July-2015 shall remain the same as 17.08.2015 (15.08.2015 and 16.08.2015 were falling on…