SHC reserves judgment in petitions against delay in refund of Regulatory Duty amounts

KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Monday reserved judgment in dozens of petitions seeking return of amounts collected as Regulatory Duty. The bench heard the counsel from both sides at length. The counsel for petitioners… Continue reading

Inland Revenue advised to sanction refund against provincial sales tax invoices

KARACHI: The Federal Board of Revenue (FBR) has advised all Inland Revenue formations to also process and sanction refunds against provincial sales tax invoices.[the_ad id=”31605″]FBR noted that during the process of refund claims of the registered persons, field formations reportedly do not entertain the input/refund claims of the invoices issued… Continue reading