FED on services withdrawn
KARACHI: The much awaited withdrawal of the federal excise duty (FED) on services, which are now subject to provincial sales tax, has been proposed in the Finance Bill 2016. In…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The much awaited withdrawal of the federal excise duty (FED) on services, which are now subject to provincial sales tax, has been proposed in the Finance Bill 2016. In…
KARACHI: Federal government through the Finance Bill 2016 has granted 40-year exemption from sales tax and federal excise duty on imports and supplies to concession holder of Gwadar Port Authority…
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Abdul Malik Gaddi declared the Federal Excise Act as ultra vire of the Constitution…
KARACHI: The government has reduced sales tax rates on petroleum products to keep the end consumer prices unchanged during the month of June 2016. The rate of sales tax on…
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Abdul Malik Gaddi on Monday ordered issuance of notices for June 06 to Master…
KARACHI: The Export Policy Order 2016 has allowed export of perishable goods to Afghanistan and Central Asian Republic on filing of regular shipping bills without the requirement of Form-E. This…
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Zulfiqar Ahmed Khan on Tuesday allowed ten days to the Pakistan Customs,…
KARACHI: LPG Distributors Association in their budget proposals has recommended withdrawing general sales tax (GST) and advance tax on LPG imports. Chairman LPG Distributors Association Irfan Khokhar said government should…
KARACHI: Additional Collector Customs Adjudication Syed Mahmood Hassan has penalized the skimmed milk importer M/s Irfan Brothers for claiming inadmissible concessions through mis-declartion. According to the details, Directorate General of…
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Zulfiqar Ahmed Khan on Friday issued notices to the Pakistan Custom and…
KARACHI: The Federal Board of Revenue (FBR) has withdrawn zero-rated sales tax on supply of electricity granted to four export oriented companies. The facility available to Rana Weaving, Mushtaq &…
KARACHI: MCC Port Qasim has detected the largest ever duty/tax evasion on just one consignment to the tune of Rs170 million by M/s Master Beverages and Food Limited, Gujranwala, a…
KARACHI: The overall revenue collection by Pakistan Customs in the fiscal year so far i.e. ten months (July-April 2016) has surged by 14.2 percent to Rs860 billion as against Rs753…
KARACHI: Collector Customs Adjudication Chaudry Mohammad Javaid has imposed a penalty of Rs5.0 million on M/s Magna Textile Industries Pvt Ltd along with the payment of Rs25.57 million duty/taxes evaded…
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Muneeb Akhtar and Justice Abdul Malik Gaddi on Monday allowed an application for restoration of an Income Tax…
KARACHI: Director Post Clearance Audit Karachi Gul Rehman has served Contravention on M/s Pakistan Mobile Communication Ltd to pay in the national exchequer an amount of Rs304.97 million, which was…
KARACHI: Justice Muhammad Junaid Ghaffar of High Court of Sindh (SHC) on Friday reserved judgment in suits filed by Artistic Fabrics Limited and others seeking 5 per cent concession on…
KARACHI: The Directorate General of Investigation and Intelligence, Inland Revenue (I&I-IR), Karachi, has sent the investigation reports containing tax evasion details of eight big companies to different Regional Tax Offices…
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Jusitce Munib Akhtar and Justice Abdul malik Gaddi on Thursday issued notices to the Federal Secretary Revenue Division, Chairman…
KARACHI: Justice Muhammad Shafi of High Court of Sindh (SHC) on Tuesday dismissed a petition filed by Pak Suzuki Motors in 1998 with reasons to be recorded later. The petitioner…