August 10, 2022

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Pakistan Revenue

Day: November 27, 2021

Pakistan bans foreign travelers on new Covid variant
Nov 27
National, Top stories

Pakistan bans foreign travelers on new Covid variant

ISLAMABAD: Pakistan has banned foreign travel from six South African countries and Hong Kong due to the emergence of a new coronavirus variant namely ‘Omicron’. Minister for Planning, Development and Special Initiatives Asad Umar in his Tweet said: “Based on the emergence of the new Covid variant, notification has been issued restrict travel from 6 […]

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Penalty for issuing unauthorized sales tax invoice
Nov 27
Taxation

Penalty for issuing unauthorized sales tax invoice

A person will pay an amount of Rs10.000 or five per cent of the amount in case of unauthorized issuance of sales tax invoice under Section 3, Section 7 and Section 23 of Sales Tax Act, 1990. The Federal Board of Revenue (FBR) issued the Sales Tax Act, 1990 updated up to June 30, 2021. The Act incorporated amendments […]

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Penalty for non issuance of sales tax invoice
Nov 27
Taxation

Penalty for non issuance of sales tax invoice

A person will pay an amount of Rs5,000 or three per cent of the amount in case of failure in issuing sales tax invoice under Section 23 of Sales Tax Act, 1990. The Federal Board of Revenue (FBR) issued the Sales Tax Act, 1990 updated up to June 30, 2021. The Act incorporated amendments brought through Finance Act, 2021. Following […]

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Penalty for failure in filing sales tax return
Nov 27
Taxation

Penalty for failure in filing sales tax return

A person will pay an amount of Rs10,000 in case of failure in filing of sales tax return within due date under Section 26 of Sales Tax Act, 1990. The Federal Board of Revenue (FBR) issued the Sales Tax Act, 1990 updated up to June 30, 2021. The Act incorporated amendments brought through Finance Act, 2021. Following is the text […]

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