Section 74 of Sales Tax Act, 1990 has described condonation of time limit. 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 of section 74 of the Sales Tax Act, 1990: 74. Condonation […]
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday May 17, 2022 promoted appraising and valuation officers (BS-16) of Pakistan Customs to the post of principal appraisers with immediate effect. Following are the names of promoted officers and their place of posting on promotion; 01. Amir Shuja, Directorate of Post Clearance Audit (South), Karachi. READ […]
ISLAMABAD: Nasira Anjum, a customer of Imtiaz Provision Store, has been awarded with the bumper prize of Rs 1 million in fifth computerized draw conducted by the Federal Board of Revenue (FBR) on Monday. The computerized balloting was conducted on the basis of invoices issued by Point of Sales (POS) of Tier-1 Retailers. READ MORE: […]
ISLAMABAD: Pakistan Customs has foiled a bid to smuggle Qatari Riyals worth $38,500 at Peshawar Airport, a statement said on Monday, May 16, 2022 Pakistan Customs has seized Qatri Reyals worth $38,500 at Peshawar Airport. A passenger named Imran Khan, Passport No. 1570-65304-1 resident of Dir Upper was departing for Qatar via Qatar Airlines, on […]
ISLAMABAD: The Federal Board of Revenue (FBR) has transferred officers of Inland Revenue Service (IRS) of BS-17 to BS-20 with immediate effect under further orders. The FBR in a notification issued on May 14, 2022 transferred the following IRS officers: 01. Sajjad Akbar Khan (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland […]
ISLAMABAD: The Federal Board of Revenue (FBR) has tightened monitoring to prevent currency smuggling in the wake of free-fall in rupee value against the foreign currencies. A statement issued on Sunday stated that FBR Chairman Asim Ahmad had instructed customs field formations for stepping up vigilance to ensure monitoring of passengers to stop currency smuggling. […]
The Directorate of Customs Intelligence and Investigation (I&I) in Multan has announced an upcoming auction scheduled for May 18, 2022, featuring a significant quantity of seized smuggled high-speed diesel (HSD) oil.
ISLAMABAD: The Federal Board of Revenue (FBR) has issued procedure to restore input tax adjustment claimed by Tier-1 retailers. The FBR on Friday issued Sales Tax General Order (STGO) No. 17 of 2022 dated May 13, 2022 regarding Tier-1 retailers – integration with FBR POS System. The procedure for reversal of bar on input tax […]
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday imposed ban on leaves of tax officials during last quarter of the current fiscal year in order to ensure maximum revenue collection for the year. The FBR in an office order stated that the last quarter of the fiscal year is of paramount importance for tax collection. […]
PESHAWAR: Collectorate of Customs (Enforcement), Peshawar has announced auction of motor cars to be held on May 16, 2022 at state warehouse godown, Peshawar. The collectorate announced auction of following motor vehicles: 01. Mercedes Benz (Bullet Proof) Model 1982, Chassis No. WDB-12603312037551 02. Toyota Corolla Car Model 1987 (As per Website), Chassis No. CE90-3002413 03. […]