ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday enhanced the value of Compressed Natural Gas (CNG) for the purpose of charging sales tax on sales to consumers.
The FBR issued SRO 587(I)/2022 dated May 10, 2022 to raise the valuation of CNG.
According to the SRO the FBR increased the CNG value to Rs140 for Region – I from Rs134.57. Similarly, the value of CNG has been enhanced to Rs135 for Region – II from Rs128.11.
Previously, the FBR issued SRO 39(I)/2022 dated January 08, 2022 and notify the values of CNG, which were applicable from January 01, 2022.
In suppression of its notification No. SRO 690(I)/2019 dated June 29, 2019, the FBR notified the value of supply to the CNG consumers for the purpose of charging sales tax from CNG stations by the gas transmission and distribution companies.
The Region-I includes areas of Khyber Pakhtunkhwa, Baluchistan and Potohar Region (Rawalpindi, Islamabad and Gujar Khan. The Region-II includes Sindh and Pujnab excluding Potohar Region.