Tag Archives: Sales Tax

Islamabad Chamber calls for reducing sales tax on POL products

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) has advised the government to withdraw the increase in sales tax on petroleum products in order to pass on the real benefits of reduction in prices to general public and industry.

POL products prices reduced, sales tax rates increased

ISLAMABAD: The government on Saturday reduced prices of petroleum products but at the same time it enhanced the sales tax rates in order to avoid revenue shortfall.

FBR increases sales tax on POL products

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified increase in sales tax on petroleum products.

Sales tax collection from POL products down by 17.7pc: SBP

KARACHI: State Bank of Pakistan (SBP) on Thursday said that the collection of sales tax from petroleum products sharply declined by 17.7 percent in fiscal year 2016/2017.

Cabinet approves reduction in sales tax to 6pc on import of finished textile, leather articles

ISLAMABAD: The federal cabinet on Tuesday approved reduction in sales tax to six percent from 17 percent on ready to use imported finished articles of textile and leather.

FBR allows input adjustment on coal supply

ISLAMABAD: Federal Board of Revenue (FBR) has allowed input adjustment on supply of coal in case the supply is made by registered persons and value of supply exceeded Rs5000/metric tonne.

KCCI criticizes injustice in sales tax on mobile phones

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has opposed uniform sales tax rates for all type of mobile phones saying that it is injustice to down trodden segment of society.

FBR notifies sales tax rate changes on POL products

ISLAMABAD: Federal Board of Revenue (FBR) has issued notification to change sales tax rates of petrol and high speed diesel (HSD) to be implemented during the month of June 2017.

FBR launches sales tax invoice verification system

KARACHI: The Federal Board of Revenue (FBR) on Tuesday launched new version of Sales Tax Real-Time Invoice Verification System (STRIVe) for fiscal year 2016/2017.

FBR, CGA develop software for automated STRN verification

KARACHI: Controller General of Accounts (CGA) with the assistance of Federal Board of Revenue (FBR) has developed a software which is now being used for automated verification of Sales Tax Registration Number (STRN) and deduction of applicable rates of sales tax from the vendors’ claims submitted at accounting offices.