Third Schedule Goods for Sales tax Rates Under Sales Tax Act, 1990

Third Schedule Goods for Sales tax Rates Under Sales Tax Act, 1990

Following is items / goods of Third Schedule to Sales Tax where consumer goods / items are mentioned for collection of sales tax: (Under Clause (a) of sub-section (2) of section 3), 1 Fruit juices and vegetable…

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FBR decided to impose effective section 40B of the Sales Tax Act 1990 to curb tax evasion

FBR decided to impose effective section 40B of the Sales Tax Act 1990 to curb tax evasion

The Federal Board of Revenue (FBR) has decided to outline guide techniques for Inland Revenue Officers for effective monitoring of sales and clearances of goods at the big retail outlets and manufacturing places of different…

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Definition of Tier-1 Retailer under sales tax act 1990

Definition of Tier-1 Retailer under sales tax act 1990

All tier-1 retailers are required to integrate all their POSs with FBR’s computerized system. ‘Tier-1 retailer’ is defined in section 2(43A) of the Sales Tax Act, 1990, to be a person who falls in any of the following…

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Extension in Date of Submission of Sales Tax Return

Extension in Date of Submission of Sales Tax Return

Extension in Date of Submission of Sales Tax Return Federal Board of Revenue (FBR) extended last date to file sale tax return for the month of June 2022. Last date for payment and submission of…

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FBR Amends Sales Tax Return Form to deny 60pc input tax to nonintegrated retailers

FBR Amends Sales Tax Return Form to deny 60pc input tax to nonintegrated retailers

The Federal Board of Revenue (FBR) has brought amendment in the monthly sales tax return form to disallow 60 percent input tax credit to big nonintegrated Tier-1 retailers who have still not integrated their businesses…

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Govt Imposed 17% Sales Tax on Hospital Supplies

Govt Imposed 17% Sales Tax on Hospital Supplies

The government has imposed a 17 percent sales tax on supplies to hospitals, has increased the operational cost of hospitals and medical treatment. Presentation was given by the leading hospitals to the Federal Board of…

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FBR Further Extended Last Date to File National Single Sales Tax Return December 2021

FBR Further Extended Last Date to File National Single Sales Tax Return December 2021

The Federal Board of Revenue (FBR) has extended the last date of payment and filing of National Single Sales Tax and Federal Excise Return for the tax period of December 2021. The FBR issued instructions…

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Extension in Date for filing Monthly Single Sales Tax Return December 2021

Extension in Date for filing Monthly Single Sales Tax Return December 2021

The Federal Board of Revenue (FBR) has extended the date of payment and submission of Sales Tax and Federal Excise Return for the Tax Period of December 2021. The date has been extended for filing…

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List of Prize winners of point of sales prize Scheme of FBR draw held on 15th January 2022

List of Prize winners of point of sales prize Scheme of FBR draw held on 15th January 2022

The Federal Board of Revenue has announced a very interesting FBR POS Prize Scheme in which you can win 10,00,000 Rupees every month. FBR Announces prizes for purchasing any item from the Shops/Retailers/ Superstores affiliated…

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Legal and Operational Issues with National Single Sales Tax Return

Legal and Operational Issues with National Single Sales Tax Return

Federal and provincial taxpayers are facing problems in filing the Federal Board of Revenue (FBR)’s National Sales Tax Return (STR), which was formally launched by Finance Minister Shaukat Tarin on January 7, 2022. Earlier, the…

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