Federal Board of Revenue vide SRO _____/2014 dated 28.02.2014 has made cahnges in the Federal Excise Duty and Sales Tax on Production Capacity (Aerated Water) Rules, 2013 as notified vide SRO 649(I)/2013 dated 09.07.2013. By virtue of these amendments following changes are made in the rules. 1- Rate per filing valve or spout has been…
Federal Government has issued SRO 1072(I)/2013 dated 27.12.2013 whereby amendments have been made in its notification No. SRO 77(I)/2013 dated 07.02.2013. It may be recalled that SRO 77(I)/2013 relates to concessionary rate of excise duty on local supply equivalent to the sugar exported by sugar mills. After this amendment, the concessionary rate of duty has…
Federal Board of Revenue vide its letter No. 3(9)ST-L&P/2010/14 0007-R dated 14.10.2013 has extended the date of payment of Sales Tax, Federal Excise and filing of returns for Sales Tax and Federal Excise duty upto 23rd October, 2013 for the tax period September, 2013.
Federal Government has extended date of payment of sales tax and federal excise duty and filing of sales tax and FE return for the Tax Period up to 20.08.2013
Section 2 Definitions It is proposed that in section 2, after clause (24), the following new clause be added:- “(24A) “whistleblower” means whistleblower as defined in section 42D of the Federal Excise Act, 2005” The definition of whistleblower as contained in section 42D is reproduced hereunder for ease of reference:- “For the purpose of…
Federal Government has issued following notifications:- 1) Vide SRO222(I)/2013 dated 15.03.2013, amendment has been made in notification SRO 575(I)/2006 dated 05.06.2006. As per the amending notification, sales tax and customs duty have been exempted on coal mining machinery, equipment, spares including vehicles for site use i.e single or double cabin pick-ups imported for Thar Coal…
The Federal Government in supersession of earlier announced amnesty scheme notified vide SRO 563(I)/2012 dated 25.05.2012 announced a new amnesty scheme vide SRO 606(I)/2012 dated 01.06.2012 for payment of any amount of sales tax or federal excise outstanding on account of illegal adjustment of input tax credit, refund, drawback or rebate due to any reason….
Vide SRO 751(I)/2012 dated 18.06.2012 an amendment has bee made by the Federal Government in SRO 522(I)/2012 dated 21.05.2012 extending date for payment of duty and taxes without payment of penal surcharge in respect of un-cleared overstayed bonded goods up to 30th June, 2012. Whole amount of penal surcharge has been waived off till 30.06.2012.
The Federal Board of Revenue has extended period of warehousing till 15.06.2012 vide SRO 522(I)/2012 dated 21st May, 2012. Importers can remove their warehoused goods without payment of penal surcharge during 21.05.2012 to 15.06.2012 on payment of leviable duty and taxes only
The Federal Board of Revenue has announced amnesty scheme for payment of any amount of sales tax or federal excise outstanding on account of any audit observation, audit report, show cause notice or any adjudication order, or who has failed to pay any amount of sales tax or federal excise duty or claimed inadmissible input…
