Proposed Changes In The Sindh Sales Tax On Services Act, 2011 Through Sindh Finance Bill 2017
The proposed changes can be accessed here: https://drive.google.com/open?id=0BwUI-Pxfjgugai10T185M01JeXRBejlNRDJFWkVubjRzSExZ
Update on agreement between Federal Government and SRB in respect of input tax adjustment of sales tax paid on services.
Dear Clients, It is informed that an agreement has been singed today between the Federal Government and SRB for allowing input tax adjustment of sales tax paid on services. Similar agreement is expected today with PRA as well. Ordinance and requisite notification are likely to be issued by 1st September, 2016.
Amendment in the Sindh Sales Tax Special Procedure (Withholdling) Rules, 2014
Vide Notification No. SRB-3-4/11/2016, dated 28.06.2016, the following change has been made in the Sindh Sales Tax Special Procedure (Withholdling) Rules, 2014: (a) An amendment has been made in the definition of “FBR-registered person” in clause (5) of sub-rule (1) of rule 2. By virtue of the amendment, a person holding NTN or taxpayers’ registration…
Amendment in exemption notification No. SRB-3-4/7/2013, dated 18.06.2013.
Vide notification No. SRB-3-4/10/2016, dated 28.06.2016, the Government of Sindh has made certain changes in its notification No. SRB-3-4/7/2013, dated 18.06.2013, relating to exemption of sales tax on certain services. The main changes are as under: (a) The threshold of annual turnover for exemption has been increased from Rs. 3.6 million to Rs. 4 million…
Amendment in reduced rate notification No. SRB-3-4/8/2013, dated 01.07.2013.
Vide notification No. SRB-3-4/9/2016, dated 28.06.2016, Government of Sindh has amended notification No. SRB-3-4/8/2013 dated 01.07.2013. By virtue of the amendment, the following services that were previously taxable at a reduced rate of 6% shall be taxable at the rate of 8% with effect from 01.07.2016. Tariff Heading Description 9815.2000 legal practitioners and consultants 9815.3000…
Proposed Changes in Sindh Sales Tax on Services Act 2011, through Sindh Finance Bill 2016-17
The proposed changes can be accessed here: http://akhtarali.com/wp-content/uploads/2016/06/Changes-in-Sindh.docx
Sindh High Court has stayed the payment of Income Support Levy
Sindh High Court has stayed the payment of Income Support Levy for the taxpayers who filed writ against the levy. Writs have also been filed in the Lahore High Court where the matter is at present pending, including the requests for grant of stay. It is suggested that all clients who want to challenge the…
Proposed Budgetary Changes in Islamabad Capital Territory (Tax on Services)
Schedule of taxable services has been revised to make the same at par with the sales tax levied on such services under the respective sales tax on services regimes. The new Schedule is as under: S. No. Description PCT Heading, if applicable Rate of Tax (1) (2) (3) (4) 1 Services provided or rendered by…