Section 49 of Sales Tax Act, 1990 has defined sales of taxable activity or transfer of ownership. 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 49 of the Sales Tax Act, 1990: 49. Sales of taxable activity or … Continue reading Ownership transfer or termination of taxable activity