Judgment reserved in Sales Tax petitions
KARACHI: The judgment was reserved in a bunch of petitions filed against issuance of show cause notices by Sales Tax Authorities in violation of section25/72 of the Sales Tax Act…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The judgment was reserved in a bunch of petitions filed against issuance of show cause notices by Sales Tax Authorities in violation of section25/72 of the Sales Tax Act…
To resolve liquidity problem of exporters, restoration of Zero Rating on Sales Tax – No Payment No Refund Regime reinstating SRO 1125 is highly indispensible. The current volume of Pakistan…
The value added textile export sector has reached to the verge of disaster due to severest ever liquidity crisis in the history of Pakistan caused due to imposition of 17%…
Pakistan Hosiery Manufacturers & Exporters Association profoundly appreciates the government’s initiative to expedite refunds to exporters under FASTER system. However, in order to ease and facilitate exporters liquidity problems in…
KARACHI: The lawyers practising on customs, inland revenue have advocated purging the custom Appellate tribunal of corruption and instead of disbanding it improve the same by appointing members and chairman…
KARACHI: The Pakistan Customs Preventive was restrained by a division bench of High Court of Sindh from coercive recovery if Rupees 550 Million as areaes of Sales Tax and Petroleum…
KARACHI: Hearing a petition filed by BYCO Petroleum company, a customs appellate bench of High Court of Sindh allowed supply of HSD to tug boat of petitioner company on securing…
KARACHI: A customs appellate bench of High Court of Sindh (SHC) adjourned hearing of a High Court Appeal (HCA) by manufacturer of famous brand Dettol praying the court to decide…
KARACHI: A full bench of Supreme Court of Pakistan comprising Justice Umar Ata Bandial, Justice Yahya Afridi and Justice Faisal Arab allowed an appeal filed by Pakistan Customs in cigarette…
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Mahmood A Khan on Tuesday stopped Sindh Revenue Board from Coercive recovery. The…
KARACHI: The Federal Board of Revenue (FBR) has clarified that the provisions of (Sales Tax General Order) STGO 103 of 2019 shall be applicable in clearing of imported goods on…
KARACHI: Karachi Tax Bar Association has sought several key clarifications in respect of amendments introduced through Finance Act 2019 particularly definition and use of term “registered person”. The clarifications were…
KARACHI: The government of Pakistan has promulgated the Tax Laws (Second Amendment) Ordinance, 2019, which notifies several amendments in the Sales Tax Act, 1990. It provides penalties for the persons…
KARACHI: Karachi Tax Bar Association (KTBA) on Thursday requested the FBR to solve the issue of input tax adjustment. KTBA wrote a letter to Dr. Hamid Ateeq Sarwar Member IR–Policy,…
KARACHI: Pre-admission notice was issued in a petition filed by Mehboob Re-rolling Mills by a division bench of High Court of Sindh here on Friday. The bench earlier heard the…
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Mahmood A Khan on Tuesday heard about a dozen petitions filed by Sindh…
KARACHI: The export oriented value added textile sector is going through a severe liquidity crunch and over 40 units have closed, as government contrary to their claims failed to issue…
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Mahmood A Khan on Monday restrained recovery notice for collection of Sales…
KARACHI: The Federal Board of Revenue has defined the Rules easing the requirements of reporting NTN/CNIC of the buyer by the sellers registered with Sales Tax. The Sales Tax General…
KARACHI: Karachi Chamber of Commerce & Industry (KCCI) has criticised poor performance of the recently launched Fully Automated Sales Tax e-Refunds (FASTER) module. President KCCI Agha Shahab Ahmed Khan stated…