Tag Archives: Sales Tax Act 1990

FTO dismisses appeal against entering business premises by tax officials


ISLAMABAD: Federal Tax Ombudsman (FTO) has dismissed an appeal filed against officials of Inland Revenue alleging harassment and unauthorized raiding business premises and taking into custody the records, statement and documents etc.

Finance Bill 2016: FBR empowered to disentitle registered person from claiming sales tax input adjustment


KARACHI: The Federal Board of Revenue (FBR) has been authorized to disentitle a registered persons from claiming sales tax input adjustment on grounds that the supplier has not declared such transaction in his return.

Finance Bill 2016: IR officials empowered to recover unpaid sales tax withholding


KARACHI: Inland Revenue officials have been empowered to recovery amount from a person, who fails to withhold under sales tax laws or fails to deposit the same.

Tax Proposals 2016/2017: compensation for delayed refund demanded


KARACHI: Taxpayers have demanded compensation for delayed issuance of cheques against Refund Payment Orders (RPOs) alleging the Federal Board of Revenue (FBR) deliberately holding eligible payments.

Tax Proposals 2016/2017: FBR advised to avoid harassing taxpayers through power to arrest provision


KARACHI: The Federal Board of Revenue (FBR) has been advised to avoid undue harassment of genuine taxpayers through invoking Section 37A of Sales Tax Act, 1990 related to arrest of taxpayers.

Tax Proposals 2016/2017: FBR urged to withdraw electronic monitoring, tracking


KARACHI: The Federal Board of Revenue (FBR) has been urged to withdraw provisions related to monitoring and tracking through electronic means that is empowered the tax officials under Sales Tax Act, 1990.

FBR considers amending conflicting sections of Sales Tax Act


KARACHI: The Federal Board of Revenue (FBR) is considering seriously upon the proposals to amend the conflicting sections of sales tax laws through Finance Bill 2016.

Tax Proposals 2016/2017: withholding of promotion of IR officer for three years advised


KARACHI: Businessmen have suggested withholding of promotion of Inland Revenue officers for three years in case assessment orders are rejected by appellate tribunal.

Tax Proposals 2016/2017: Karachi Tax Bar proposes 10pc standard sales tax rate


KARACHI: Karachi Tax Bar Association (KTBA) has demanded 10 percent standard rate of sales tax with additional three percent on luxurious and high margin goods.

Tax Proposals 2016/2017: FPCCI demands record keeping period reduction to three years


KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the tax authorities to reduce period for record keeping from six years to three years.