SHC suspends attachment order by SBP
KARACHI: Hearing a suit filed by M/s Saif Trade Service versus Federation of Pakistan and Collector Adjudication suspended the impugned judgment passed under section 23C(4) of the Foreign Exchange Regulation…
FBR streamlines FASTER, the mechanism of sales tax refund to manufacturers of export oriented goods
KARACHI: After abolition of zero-rated tax regime under SRO 1125, purchases (whether through imports or domestic supplies) in textile sector were subjected to sales tax @ 17% and the inputs…
Stuck-up ATT containers need to be removed to avoid port congestion
KARACHI: It’s been around three weeks since the borders with Afghanistan were sealed stopping all movement across border whether it be cargo or public. As the borders are likely to…
Sales tax refunds stuck up at LTU-II Karachi
KARACHI: Over a billion rupees are stuck up with Large Taxpayers Unit (LTU-II) Karachi, as sales tax divisions have not been activated at the unit since its inception two months…