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Tag Archive | "sales tax"

PTI representatives call on Ashraf Hayat

Monday, November 24, 2008

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ISLAMABAD: Representatives of Pakistan Telecom Industry called on the Secretary Investment, Mr. Ashraf Hayat on Monday in the office of Board of Investment Islamabad. The agenda was to discuss various issues and concerns of the Telecom Industry regarding the auction of 3 G Spectrum by PTA and current taxation policy of the Government. The [...]

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FBR asked to rescind order-in-appeal

Friday, September 5, 2008

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ISLAMABAD: Federal Tax Ombudsman Justice ® Munir A. Sheikh has asked Federal Board of Revenue (FBR) to rescind Order-In-Appeal and Order-In-Original issued by Sales Tax Department to the Complainant. This decision was taken by the FTO on the complaint of M/S Chiniot Enterprises (Pvt.) Ltd. Haripur against non issuance of refund by the Department. Popularity: [...]

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FBR allows packing material with sales tax @ 15% for three months

Friday, June 27, 2008

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ISLAMABAD: After the amendments in the Sales Tax Act, 1990, through the Finance Act, 2008, the applicable rate of sales tax on items in Third Schedule of The Sales Tax Act, 1990, has been increased to 16% with effect from 1st July 2008 through the Finance Bill 2008. Manufacturers of items specified in Third Schedule [...]

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IT Ministry seeks sales tax waiver

Friday, May 30, 2008

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ISLAMABAD: Ministry of Information Technology recommends waiving off of sales tax on computers in the upcoming budget in order to boost computer industry. The ministry sent its recommendations to the Federal Board of Revenue here Thursday. Computer industry was hit with a fifteen percent sales tax last year that stifled the faster growth potential of [...]

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PCA urges govt to remove 15% GST on IT Industry

Wednesday, May 21, 2008

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ISLAMABAD: The information technology industry in Pakistan is on the verge of total collapse and in dire need of immediate attention of the present government. The growth of the industry has already shown tremendous and unprecedented decline which is not only a bad omen for the future of the industry but also the future of [...]

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FBR reveals Hyderabad sugar mills as sales tax short filers

Sunday, April 27, 2008

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ISLAMABAD: In its ongoing sales tax field audit, The Federal Board of Revenue has detected short filing and short payment in sugar mills in Hyderabad. According to sources, the inspection of tax records confirmed that most of the sugar mills in Hyderabad are short-filers of sales tax returns including short-payment of sales tax; violation of [...]

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