Penalty for late filing of sales tax return doubled

KARACHI: The Finance Bill 2019 has proposed to increase penalty for late filing of Sales Tax return from Rs 5,000 to Rs 10,000.

Further, in case the return is filed within 10 days of the due date, the penalty is proposed to be increased from Rs 100 per day to Rs 200 per day.

Sales tax return can be revised subject to approval of the Commissioner. It is now proposed to allow revision without approval if revised return is filed within 60 days of filing of return and the tax payable therein is more than the amount previously paid or the refund claimed therein is less than the amount previously claimed.

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