KARACHI: Seven identical Special Custom Reference Applications (SCRA’s) filed by two collectorates of Pakistan Customs filed through Iqbal M. Khurram Advocate were dismissed by a custom appellate bench of High Court of Sindh. The main question of law proposed beside other related questions before the court was that “Whether the… Continue reading
KARACHI: Hearing a constitution petition filed by Aachee Garments (pvt) Ltd against Sales Tax authorities, an appellate bench of High Court of Sindh (SHC) comprising Justice Muhammad Junaid Ghaffar and Justice Agha Faisal set aside a notice issued under section 37 of the Sales Tax Act 1990 requiring of petitioner… Continue reading
KARACHI: Five identical petitions filed by different companies including Sahib Din Logistics, SS Corporation, Syed Murtaza Ali Jaffery, Syed Mehdi Abbas Jaffery and Syed Aqeel Abbas Rizvi challenging authority of Sales Tax Officer who issued notices under section 37 of the Sales Tax Act 1990. The petitions in the nature… Continue reading
Karachi: The Overseas Investors Chamber of Commerce and Industry (OICCI) submitted comprehensive Taxation Proposals for the Federal Budget 2021-22 which highlight various measures required to streamline the complex tax regime, incentivize the legitimate tax payer through Ease of Doing Business measures and ensure filing of tax returns by all income… Continue reading
KARACHI: Pre-admission notices were issued for March 18 to the Chairman FBR, Member (Sales Tax-Policy) and Commissioner Sales Tax in a petition filed by M/S Imperial Trading Corporation and others through law firm Franklin Law Associates. A counsel from the firm appearing before a division bench of High Court of… Continue reading
The All Pakistan CNG Association (APCNGA) on Monday said the government is promoting CNG to reduce urban pollution, cut oil import bill and increase employment. The government has taken a number of commendable steps including removing the ban on setting up new CNG stations, said Ghiyas Abdullah Paracha, Central Chairman… Continue reading
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
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 exports cannot unsurpassed unless the burning liquidity problem being faced by exporters is not addressed by the Government. To achieve… Continue reading
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% sales tax in last budget whereby liquidity worth billions of rupees has been stuck up with the Government. Last year,… Continue reading
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 this most difficult times, PHMA also requests for release of old deferred sales tax refund & income tax refund claims… Continue reading
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