Federal Board of Revenue has issued Sales Tax General Order No. 28 of 2013 dated 05.07.2013. Federal Board of Revenue has allowed registered person dealing in Third Schedule Items to use existing packing material for a period of two months from 13.06.2013 subject to the conditions that (i) the registered person shall inform the Commissioner…

Federal Government has issued notification vide SRO 657(I)/2013 dated 11.07.2013. By virtue of this notification sales tax will be charged @5% on import and local supplies of  second-hand and worn clothing classifiable under PCT heading 6309.0000

Federal Board of Revenue vide its letter C. No. 3(9)ST-L&P dated 12.07.2013 has extended date of payment of duty and tax and filing of Federal Excise Duty and Sales Tax for the tax period June-2013 till 25.07.2013

Federal Government has issued notification No. SRO 670(I)/2013. Import and local supply of following goods and raw materials, packing materials, sub-components, components, sub-assemblies and assemblies shall be charged @ zero percent sales tax subject to certain conditions enumerated in the notification: – 1.  Colors in sets 2.  Writing, Drawing and marking inks 3.   Erasers 4.   Exercise…

Federal Government has extended date of payment of sales tax and federal excise duty and filing of sales tax and FE return up to 29.07.2013

Federal Government has made further amendments in SRO 1125(I)/2011 relating to five zero-rated sectors i.e. Textile, Leather, Carpet, Sports and Surgical Goods. A new tabel (Table-II) has been introduced in respect of finished articles of leather, artificial leather, textile and textile made-ups. The changes in the notification will have following effect: 1-  Finished articles of…

CHANGES IN CUSTOMS ACT, 1969  THROUGH FINANCE BILL 2013-14  Section 2       Definitions Scope of definition of ‘Goods Declaration’ has been enlarged to cover ‘transhipment of goods’ (TP). Section 3DDD          Directorate General of Input Output Co-efficient Organization. A new section has been inserted to create Directorate General of IOCO. Section 14-A   Provision of security and…

Federal Government has amended Sales Tax Special Procedure Rules, 2007 vide amending notification No.SRO 367(I)/2013 dated 08.05.2013. Before issuance of this SRO, value addition tax @ 3%, in addition to the standard 16% rate of sales tax, was applicable on import of goods except goods imported by a manufacturer for in-house consumption. The service providers,…

Federal Government has issued SRO 450(I)/2013 dated 27.05.2013 vide which SRO 490(I)/2004 dated 13.06.2004 has been amended. Under SRO 490(I)/2004, input tax in respect of certain items was disallowed. The scope of the SRO has been expanded by the amending SRO and the input tax of the following items has also been disallowed w.e.f. 27.05.2013:-…

“FBR has made certain amendments in the procedure for maintenance of Active Taxpayers List vide STGO 16 of 2013 dated 11.04.2013. Certain new eventualities have been added for removal of name of the taxpayer from the list besides the discrepancies already mentioned in STGO 34 of 2010 dated 16.09.2010. 1-     Now name of a taxpayer…