Schedule of taxable services has been revised to make the same at par with the sales tax levied on such services under the respective sales tax on services regimes. The new Schedule is as under: S. No. Description PCT Heading, if applicable Rate of Tax (1) (2) (3) (4) 1 Services provided or [...]
Dear Clients, It is informed that an agreement has been singed today between the Federal Government and SRB for allowing input tax adjustment of sales tax paid on services. Similar agreement is expected today with PRA as well. Ordinance and requisite notification are likely to be issued by 1st September, 2016.
The said notification can be accessed here: https://drive.google.com/open?id=0BwUI-PxfjgugVnpua284blJFdUdHNks2RGVZRFJaZ2FHV0xJ
The Federal Government has extended the date of payment of sales tax and federal excise duty from 15.07.2016 to 18.07.2016 and the date of submission of sales tax and federal excise return from 18.07.2016 to 21.07.2016 for the tax period of June, 2016.
FBR has extended date of filing of sales tax and federal excise return for the month of August 2016 as follows: Annex-C – 19/09/2016 Payment – 22/09/2016 Submission of return – 23/09/2016