Thursday, 22 May 2025
Trending
How to Check and Verify Vehicle Ownership | Car Registration Online Check 8009 Nadra family verification system | 8009 Nadra online check | 8009 sms Nadra Apple IPhone XS Max PTA and Import TAX in Pakistan | Non PTA price in Pakistan 1500 Prize Bond Draw List 15 August 2022 Lesco Bill Check Online 2022 | How to Get Lesco Duplicate Bill Online 750 Prize Bond List 2022 | Prize Bond Schedule 2022 How to Check Number of Mobile SIMs Issued Against Your CNIC Prize Bond 750 list 2022 | Prize Bond Schedule 2022 200 Prize Bond Draw List 2022 15th March 2022 – Prize Bond Draw Schedule Dates and Results 2022 FBR POS Invoice Lucky Draw Winners Result List May 2022 How to get Weboc Login ID and Password | Weboc Registration Documents Required 25000 Prize Bond List 2022 | Prize Bond Draw Schedule 2022 E-Filing System Implemented in Government Departments Salary Increase of Government Employees 2022 Definition of Beneficial Owners | Budget Proposals 2022-2023 Suzuki Cultus Car to Discontinue in Pakistan OGRA Announces Increase in LPG Prices Latest Pay Scale Chart 2022-23 | Notification of Salary Increase 2022 GS Pay Scale 2022 Prize Bond Draw Schedule 2022 Hyundai SUV Price Hike E-Payment System Introduced for PPSC Online Job Applications How Much Income Tax on Salary in Pakistan 2022-23 Imported LNG prices for gas companies increased Pakistani exporters trying to capture Chinese meat market FBR issued list of business sectors for mandatory income tax integration Tax returns from Karachi city low-income areas surprisingly on top Taxation of gifts in Pakistan FATF awarded another lifeline to Pakistan Which persons require to submit income tax returns ? Staff required/Jobs Alert: Tax Manager, Tax Specialist, Tax Analyst China launches 6G satellite: We are still on 4G Dubai Mall, launched VAT refund kiosks IRS refund status FBR disposed off cases without audit: Notices Issued FBR clarification: good news for overseas Pakistanis for taking exemption from tax on profit on bank deposits FBR launched online module for Greenfield investors status registration State bank issued list of chartered accountants firms for audit of banks Prices of all petroleum products increased: A New Year gift FBR allowed to taxpayers to file settlement application for agreed assessment FBR formed committee to improve Income Tax Return forms Tax audit of Rahat Fateh Ali Khan resumed on information of secret bank accounts Telecom sector tax share increases 129% in FY20: PTA FBR considering proposals to tax benefit to non-resident or overseas Pakistanis Corruption in Pakistan increased more than Afghanistan: Transparency International reveals Sales Tax Relief by Punjab Revenue Authority FBR will launch a track and trace system by July 2021 Income Tax Returns Filing Reached at Top Sales Tax Amendment: FBR to recover arrears through bank account attachment Track and Trace System: Contract signed between FBR and AJCL
FBR increases the minimum price of steel products
UPDATES

FBR increases minimum price of steel products

By

In the wake of increased prices of steel products in the domestic & international markets, Federal Board of Revenue (FBR) has increased the minimum prices of steel products vide SRO 985 dated 4th Aug, 2021.

Last time the prices of steel products were fixed by FBR vide SRO 992 dated 4th Sep, 2019. FBR is empowered to fix minimum prices of steel products under proviso to clause (46) of section 2 of the Sales Tax Act, 1990. The new prices of Bars has been fixed at Rs. 140,000/-; Billets at Rs. 125,000/-, Ingots/Bala & Ship-plates at Rs. 120,000/- and Scrap at Rs. 118,000/- per metric ton.

FBR fixes value-of steel goods for sales tax purpose SRO985

READ ALSO: FBR fixes value of steel in respect of locally produced goods

FBR has further clarified that the said upward revision was essential in the wake of recent surge in local & international prices of steel products and to prevent possible loss of revenue. FBR has further indicated that, in future, minimum prices would be fixed on quarterly basis.

Top Tax Consultants Tax Return submission Last Date
Ads:

Price of steel Products | Steel Products | SRO 985 | FBR | Federal Board of Revenue | Increase in Price |

See also  Current figures of tax filings for tax year 2021
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]

Tax.net.pk - Your Tax Experts and Consultants

Welcome to Tax.net.pk

Providing Expert Tax Services for Individuals and Businesses

About Us

At Tax.net.pk, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: