Tag: Sales Tax Act 1990

In a significant development, the Federal Board of Revenue (FBR) has expanded its authority regarding the repayment of tax in specific cases as outlined in Section 61 of the Sales Tax Act, 1990.

In a bid to bolster trade and facilitate economic activities, the Federal Board of Revenue (FBR) has expanded its powers to authorize the delivery of certain goods without the requirement of immediate tax payment.

Section 59 of Sales Tax Act, 1990 has described tax paid on stocks acquired before registration. 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 59 of the Sales Tax Act, 1990: 59. Tax paid on stocks acquired before […]

Section 58B of Sales Tax Act, 1990 has described liability and obligations of representatives. 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 58B of the Sales Tax Act, 1990: 58B. Liability and obligations of representatives.– (1) Every representative […]

Section 58A of Sales Tax Act, 1990 has described taxpayers allowed to nominate representatives. 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 58A of the Sales Tax Act, 1990: 58A. Representatives.– (1) For the purpose of this Act […]

Section 58 of Sales Tax Act, 1990 has explained liability for payment of tax in case of private companies or business enterprises. 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 58 of the Sales Tax Act, 1990: 58. […]

An officer of Inland Revenue (IR) or a commissioner IR by an order in writing can amend any order passed by him to rectify any mistake apparent from the record under Section 57 of the Sales Tax Act, 1990. The Federal Board of Revenue (FBR) issued the Sales Tax Act, 1990 (STA) updated up to […]

ISLAMABAD: The Federal Board of Revenue (FBR) is empowered to introduce prize schemes on invoices issued by retailers under Section 56C of the Sales Tax Act, 1990.

The Federal Board of Revenue (FBR) has underscored the confidentiality of information obtained or shared under bilateral or multilateral agreements, as per the provisions outlined in the Sales Tax Act (STA), 1990.

Section 56AB of Sales Tax Act, 1990 has described real-time access to information and databases. 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 56AB of the Sales Tax Act, 1990: 56AB. Real-time access to information and databases.—(1) Notwithstanding […]