Vide SRO 489(I)/2015 dated 30.06.2015, following changes have been made in SRO 550(I)/2006 dated 05.06.2006: i) Services provided in respect of travel by air and carriage of goods will no longer be subjected to excise duty in sales tax mode.
Vide SRO 490(I)/2015 dated 30.06.2015, the following FED notifications have been rescinded: i) SRO 778(I)/2006, dated the 1st August, 2006 (Exemption on international travel by air to certain persons); ii) SRO 474(I)/2009, dated the 13th June, 2009 (Exemption on motor cars, banking companies in respect of certain services and white cement); iii) SRO 802(I)/2009, dated…
Vide SRO 489(I)/2015 dated 30.06.2015, following changes have been made in SRO 550(I)/2006 dated 05.06.2006: i) Services provided in respect of travel by air and carriage of goods will no longer be subjected to excise duty in sales tax mode. SRO 489 of 2015
Vide SRO 490(I)/2015 dated 30.06.2015, the following FED notifications have been rescinded: i) SRO 778(I)/2006, dated the 1st August, 2006 (Exemption on international travel by air to certain persons); ii) SRO 474(I)/2009, dated the 13th June, 2009 (Exemption on motor cars, banking companies in respect of certain services and white cement); iii) SRO 802(I)/2009, dated…
Federal Board of Revenue has issued SRO 481(I)/2015 dated 05.06.2015 wherein excise duty on locally manufactured cigarettes has been increased as under: Sr. No. Description of goods New rate of duty 1 Locally produced cigarettes if their on-pack printed retail price exceeds rupees three thousand three hundred and fifty per thousand cigarettes. Rs.3,030/- per thousand cigarettes…
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 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
Vide SRO 569(I)2014 dated 26.06.2014, Federal Excise Duty and Sales Tax on Production Capacity (Aerated Waters) Rules, 2013 have been withdrawn with effect from 1st July, 2014. The aerated waters industry will therefore, be liable to sales tax and federal excise duty under the normal tax regime w.e.f 1st July, 2014.
Federal Board of Revenue has issued SRO 422(I)/2004 to give immediate effect to the proposed enhancement of Federal Excise duty on Cigarettes vide Finance Bill, 2015. These rates have been made effective from 04.06.2014. The new rates of federal excise duty on cigarettes are as under:- TABLE S. No. Description PCT heading Rate of Duty…
