Extension in filling of Sales Tax Return
FBR vide its letter C.NO.3(9)ST-L&P/2010 dated .17/11/2011.has extented the date of filling Sales Tax Retunr for month of October,2011 up to 25/11/2011.
REQUIREMENT OF FURNISHING CNIC/NTN OF UNREGISTRERED BUYE RS IN THE SALES TAX RETURN
FBR has extended the date for furnishing of CNIC or NTN numbers of unregistered buyers till 1st January, 2012. For this purpose, FBR has issued letter vide C.No.3(9)ST-L&P/2010 dated 04..11.2011.
SRO 1012(I) 2011
SRO 283(I)/2011 dated 1st April, 2011, relating to five export oriented sectors has been replaced with SRO 1012(I)/2011 dated 4th November, 2011. Certain changes have been introduced through new notification in zero rated sectors which are as under:- i) Zero-rating of Maize Starch has been withdrawn. ii) Benefit of this notification has been extended on import of…
FBR Notification SRO 821
FBR has issued Notification No. SRO 821(1)/2011 dated 6.9.2011 for providing legal cover to its measure regarding mentioning of NTN or CNIC number of un-registered buyers. Now all importers, manufacturers and exporters are required to mention NTN or CNIC of un-registered buyers on sales tax invoices. The same will be required to be reflected in…
Date of payment of Taxes extended
Federal Board of Revenue vide its letter C. No. 3(9)ST-L&P/2010 dated 10.08.2011 has extended the date of payment of taxes for the month of July 2011 up to 20.08.2011. Date of filing of Sales Tax/ Federal Excise return has also been extended up to 30.08.2011.
Notification dated 01-08-2011
Federal Government vide SRO 727(I)/2011 dated 01.08.2011 has exempted sales tax on import of plant & machinery not manufactured locally and having no compatible local substitute. Procedure for exemption is laid down in the notification. If industrial user imports the said machinery, he will submit post dated cheque equal to the amount of sales tax…