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 1990. A division bench of High Court of Sindh (SHC) comprising Justice Junaid Ghaffar and Justice Agha Faisal earlier on… Continue reading

GIDC ruling to massively hit industry countrywide: FPCCI

Karachi (PR) As the industrial sector is looking for availing legal option of filing review petitions of the Supreme Court judgment in Gas Infrastructure Development Cess, the Federation of Pakistan Chambers of Commerce and Industry has said that implementation of the honourable court decision is mandatory, appealing for leniency by… Continue reading

Protection to Regulatory Duty in federal budget illegal

KARACHI: Noted lawyer, Haider Shaikh advocate has termed the protection given to Regulatory Duty (RD) given in the federal budget as illegal . Reacting to the levy of custom duty, taxes etc, he said that Regulatory Duty was declared to be effective retrospectively. It will be construed as a tax… Continue reading

Court to hear petitions against NTC on October 17th

KARACHI: The Peshawar High Court has clubbed all the anti-dumping cases and the hearing would be held on October 17, 2017. A number of importers had approached Peshawar High Court challenging the legality if National Tariff commission (NTC). The grievances of the petitioners relates to the illegal constitution of the… Continue reading

Special Custom Appellate Tribunal issues notice in 19 identical appeal for April 20

KARACHI: The Special Customs AppellateTribunal, Karachi on Tuesday issued notices to the Director General, Valuation, Director Valuation, Collector Customs, Appraisement of East and West, filed by A&H Traders under section 194-A of the Customs Act. Ghullamullah Shaikh advocate of Franklin Law Associates represented the appellants in appeal impugning Order in… Continue reading

Appeals by Lahore based companies seeking tax exemption for KP, FATA, PATA dismissed

ISLAMABAD: A full bench of Supreme Court of Pakistan dismissed appeals filed by Lahore based Husnain Cotex Limited, Ghulam Rasool and Co. Pvt Ltd and Sarwar & Company (Pvt) Ltd against Commissioner Inland Revenue and Appellate Tribunal Inland Revenue for denying grant of tax relief specifically allowed by the federal… Continue reading

SHC upholds order by Appellate Tribunal Sindh Revenue Board

KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Arshad Hussain Khan up-holding an order of Appellate Tribunal, Sindh Revenue Board (SRB) in a Reference Application filed under section 63 0f the Sindh Sales Tax (SST) on Services Act 2011 observed that”… Continue reading