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FBR launched National Single Sales Tax Return Today

FBR launched National Single Sales Tax Return Today

Achieving yet another significant milestone towards digitization & data integration to facilitate taxpayers, promote ease of doing business, harmonizing Sales Tax & reduce compliance costs, FBR has launched its National Sales Tax Return (NSTR), at…

TAXATION
Launch of single sales tax return to end fake and flying invoices

Launch of single sales tax return to end fake and flying invoices

The launch of single sales tax return will help the authorities to prevent tax evasion and end the phenomenon of fake and flying invoices. The Federal Board of Revenue (FBR) said that the single sales…

UPDATES
FBR launching National Single Sales Tax Return Tomorrow

FBR launching National Single Sales Tax Return Tomorrow

Building further on its ongoing drive for digitization to facilitate the taxpayers, promote ease of doing business and reduce compliance costs, FBR achieved one more milestone by developing National Sales Tax Return. This important project…

UPDATES
Service providers to file single sales tax returns from January 2022

Service providers to file single sales tax returns from January 2022

The telecommunication companies, courier companies, and big services providers would file a single sales tax return from January 2022 instead of multiple sales tax returns with the provincial revenue authorities of Punjab, Sindh, KPK, Balochistan,…

TAXATION
Sales Tax on Toll Manufacturing Who will collect? FBR or SRB?

Sales Tax on Toll Manufacturing Who will collect? FBR or SRB?

Sindh Revenue Board (SRB) has categorically conveyed to the Federal Board of Revenue (FBR) that it would continue to collect sales tax on Toll Manufacturing, despite National Tax Council’s (NTC) decision allowing FBR to collect…

UPDATES
Sindh Revenue Board Announces Tax Relief Scheme

Sindh Revenue Board Announces Tax Relief Scheme

The Sindh Revenue Board (SRB) has announced a tax incentive scheme. This scheme allows total exemption from penalties. It provides significant relief for Sindh sales tax (SST) defaulters in payment of default surcharge. Meetings held…

UPDATES
National Tax Council (NTC) lacks the constitutional Cover

National Tax Council (NTC) lacks the constitutional Cover

The National Tax Council (NTC) does not have the same constitutional coverage as the General Sales Tax (GST) Council in India. Therefore, the status of the NTC is no more than a forum for discussion.…

UPDATES
Sales tax rates updated on services of restaurants

Sales tax rates updated on services of restaurants

Sindh Revenue Board (SRB) has notified sales tax rates on services rendered by restaurants in the province. Sindh Revenue Board (SRB) Sales tax on Restaurants revised The SRB issued working tariff on November 01, 2020…