FBR withdraws zero-rating facility to three textile units


ISLAMABAD: Federal Board of Revenue (FBR) has withdrawn the facility of zero-rated sales tax on consumption of electricity allowed to three textile units.
In a Sales Tax General Order (STGO) issued by the FBR stated that the sales tax facility from the following textile units have been withdrew on the recommendations of Regional Tax Office (RTO) Faisalabad:
01. I. A. Textiles
02. Abdul Ghaffar Weaving Factory
03. Badar-ud-Din Weaving
The FBR directed Chief Commissioner RTO Faisalabad to coordinate with FESCO Authorities regarding implementation of sales tax zero rating withdrawal and to submit report in respect of action taken/ recovery made for misuse of the facility.
The FBR also asked Faisalabad Electric Supply Company to start charging sales tax on the supply of electricity to the taxpayers.