FBR to collect FED on steel products, rescinds sales tax notification
KARACHI: The government has decided to collect federal excise duty from steel products instead of sales tax. In this regard the Federal Board of Revenue (FBR) has issued 992(I)/2019 dated September 04, 2019 to implement the decision. The FBR issued minimum values of locally produced goods for the purpose of payment of federal excise duty […]