Proposed Budgetary Changes in Islamabad Capital Territory (Tax on Services)

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 [...]

Update on agreement between Federal Government and SRB in respect of input tax adjustment of sales tax paid on services.

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.

By | 2017-10-24T07:54:16+00:00 October 24th, 2017|Federal Sales Tax, Punjab Sales Tax, Sindh Sales Tax|0 Comments