BusinessesOctober 6, 2021List of Tier-1 Retailers identified by FBR to integrate with POS system to claim input tax By Admin The Federal Board of Revenue (FBR) has issued a list of 1,136 big retailers (Tier-1) who are…Read more
BUDGETSeptember 20, 2021Highlights on Tax Laws Third Amendment Ordinance, 2021 By Admin Compulsory Digitized Payment for Expenditure by Companies:This is a highly discussed amendment…Read more
UPDATESSeptember 10, 2021FBR to deny 60 % Input Tax to Non-Integrated Tier-1 Retailers By Admin Federal Board of Revenue (FBR) in its drive to integrate Tier-1 Retailers across the country, has…Read more
UPDATESAugust 27, 2021License Issuance Procedures for Integration of Point of Sales of Tier-1 Retailers with FBR By Admin FBR issues SRO 1063(1)/2021, Dated: 24th August 2021Federal Board of Revenue (FBR) issues SRO No…Read more
UPDATESAugust 26, 2021FBR issues SRO to allow conditional input tax credit for supplies from AJK and GB By Admin The Federal Board of Revenue (FBR) will allow input tax credit against electronic data of supplies…Read more
UPDATESAugust 16, 2021FBR Extends Deadline for Filing Sales Tax and FED Returns By Admin The Federal Board of Revenue (FBR) has extended the date of payment and submission of Sales Tax and…Read more
TAXATIONAugust 12, 2021Deadline and penalty for Tier-1 retailers and other tax provisions relating there to By Admin FBR directs Tier-1 Retailers to integrate with revenue authority till August 15.The Federal…Read more
BUDGETAugust 10, 2021List of sales tax exemptions granted in budget 2021-2022 By Admin Under section 13 of The Sales Tax Act 1990, the Sixth Schedule of the Sales Tax Act, 1990…Read more
TAXATIONAugust 6, 2021FBR Suspends Sales Tax collection On Sugar from manufacturers By Admin The Federal Board of Revenue (FBR) has suspended the provision of sales tax collection on sugar from…Read more
TAXATIONJuly 17, 2021Who is required to Get Register with Point of Sales Software of FBR ? By Admin All tier-1 retailers are required to integrate all their POSs with FBR’s computerized…Read more