Saturday, 15 June 2024
Karachi Tax Bar Demands Sales Tax Return Last Date Extension

Karachi Tax Bar Demands further date extension for sales tax payment & return filing

Karachi Tax Bar Association (KTBA) on Tuesday demands from the Federal Board of Revenue (FBR) to further extend the last date for sales tax payment and filing monthly of sales tax return for the month of April, 2021. Because, taxpayers are unable to comply with statutory requirement due to extended Eid holidays and lock down.

Karachi tax bar Association asked the FBR to extend the last date of payment of sales tax and date of filing of the monthly sales tax return for the period April 2021 till May 24, 2021 and May 27, 2021, respectively.

Previously FBR extended the last date on May 06, 2021 for payment of sales tax and filing monthly return for the period April 2021. The date of payment was extended up to May 18, 2021 followed by filing of sales tax return till May 21, 2021.

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Karachi Tax Bar informed FBR that taxpayers and bar members had approached the association informing that the extended date (which is two days) for payment of sales tax for the tax period April 2021 was insufficient. Due to Eid holidays and lock down in the country.

Annexure C & Payment of Sales Tax

Karachi Tax Bar also highlighted that taxpayers were unable to submit Annexure C as the last date of furnishing of Annexure C was May 10, 2021. Which was also a holiday on account of Eid-ul-Fitr. Unless Annexure C is submitted, sales tax payment amount cannot be calculated as payment of sales tax is dependent upon submission of Annexure C.

Top Tax Consultants Lahore Pakistan

Karachi tax bar further said that provincial revenue authorities had already extended deadline for payments and filing of sales tax returns between May 21 and May 27.

“It is important to highlight that federal sales tax return cannot be furnished before the dates as extended by the provincial revenue authorities owing to the fact that input tax relating to services falling under the provincial domain can only be claimed in federal sales tax return once corresponding provincial sales tax return has been submitted by respective service provider,” the KTBA said.

Karachi Tax Bar

Sales Tax Returns | FBR | Federal Board of Revenue | April 2021 | Sales Tax Payment | Karachi Tax Bar Association | Last Date Extension |

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