Tag Archives: Sales Tax Act 1990
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.
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.
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.
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.
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.
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.
KARACHI: Businessmen have suggested withholding of promotion of Inland Revenue officers for three years in case assessment orders are rejected by appellate tribunal.
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.
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.