FBR allows sales tax zero rating to seven textile units


ISLAMABAD: Federal Board of Revenue (FBR) has allowed zero-rating sales tax facility to seven textile units on consumption of electricity for manufacturing of export goods.
The FBR has allowed the sales tax zero rating under SRO 1125(I)/2011, which has been issued with aim to reduce the cost of doing business and making Pakistan goods competitive in the international market.
The following textile units (and place of registration) have been allowed zero-rated on purchase of electricity:
01. Younas Nawaz Textile, Regional Tax Office (RTO) Faisalabad
02. Ayesha Spinning Industries, RTO Gujranwala
03. Lyallpur Textile, RTO Faisalabad
04. M. H. Lace Works, Large Taxpayers Unit (LTU) Karachi
05. Crescent Cotton Mills Limited, LTU Lahore
06. Pelle Classics, RTO-III, Karachi
07. Al-Barkat Tex Weaving, RTO Faisalabad
The FBR issued seven different Sales Tax General Orders (STGOs) for allowing sales tax zero rating on consumption of electricity by these textile units.