Finance Bill 2019: 12th Schedule introduced to levy 3pc value addition sales tax on all imported goods

ISLAMABAD: The government has proposed Twelfth Schedule to Sales Tax Act, 1990 to streamline imposition of 3 percent value addition tax on imported goods. Read more »

PTBA advises revisiting arrest, prosecution law under sales tax

KARACHI: Pakistan Tax Bar Association (PTBA) has advised the Federal Board of Revenue (FBR) to revisit law related to arrest and prosecution under Sales Tax Act, 1990. Read more »

Omitting condition on input sales tax claim proposed where tax unpaid by supplier

KARACHI: Pakistan Business Council (PBC) has suggested to omitting the condition of disallowing input tax adjustment where tax unpaid by supplier. Read more »

Sales Tax Act 1990: treatment of tax paid by person required to get registration

KARACHI: A person, who is required to be get registration, paid sales tax on goods purchased from a registered person shall be treated as input tax. Read more »

Sales Tax Act 1990: tax payment by company in liquidation

KARACHI: The sales tax law has defined the procedure for liability for payment of tax in case of private company is in state of liquidation. Read more »

Sales Tax Act 1990: No suit shall lie against government servant

KARACHI: The sales tax law had explained that no suit, prosecution or other legal proceeding shall lie against the federal government or against any public servant in respect of any order passed... Read more »

Sales Tax Act 1990: ownership transfer of taxable activity

KARACHI: The sales tax law has explained application of sales tax on taxable activity or transfer of ownership. Read more »

Sales Tax Act 1990: Vast recovery powers of IR officers

KARACHI: The officers of Inland Revenue have vast powers under sales tax laws to recover outstanding amount from taxpayers. Read more »

Sales Tax Act 1990: Suo Moto powers of FBR, IR Commissioner to call for record

KARACHI: The sales tax laws have authorized suo moto powers to Federal Board of Revenue (FBR) and Commissioner of Inland Revenue (IR) to call for records from department and taxpayers. Read more »

Sales Tax Act, 1990: FBR may posts IR officer to business premises

KARACHI: Federal Board of Revenue (FBR) may post an officer of Inland Revenue to the premises of a registered taxpayer to monitor sale, purchase and production activities. Read more »

Sales Tax Act 1990: IR officers empowered with free access to enter business premises

KARACHI: Authorized officers of Inland Revenue have access to business premises of sales tax registered taxpayers to inspect record of sales and purchases. Read more »

Sales Tax Act 1990: IR officers authorized to arrest fraudsters

KARACHI: The sales tax law has authorized officers of Inland Revenue to arrest persons committing fraud or any other offence. Read more »