Apr 8

FBR detects fraudulent declaration of goods in ST returns

ISLAMABAD: The Federal Board of Revenue (FBR) has detected that traders in supply chain fraudulently declaring goods in sales tax returns. The FBR issued Sales Tax General Order (STGO) No. 13 of 2022 dated April 07, 2022 regarding purchases and supplies made by importers, wholesalers, dealers and distributors in sales tax return. The Sales Tax […]

by Anjum Shah

Adjustment restrictions hamper return filing by retailers

Mar 20

Taxation

Adjustment restrictions hamper return filing by retailers

Retailers falling under Tier-1 have informed the Federal Board of Revenue (FBR) that they were unable to file monthly sales tax returns due to denial of adjustment by IRIS portal. A number of retailers jointly sent a letter to FBR chairman apprising about unfavorable behavior of IRIS Portal by denying adjustment against credit notes issued […]

by Anjum Shah

FBR says not to extend sales tax return filing date

Feb 25

Taxation

FBR says not to extend sales tax return filing date

ISLAMABAD: The Federal Board of Revenue (FBR) on Friday said that it will not extend the date for filing sales tax return further as filing through national platform is working seamless. The FBR said it received 161,379 sales tax returns filed for the month December 2021 through National Tax Portal compared to 159,503 returns filed […]

by Anjum Shah

FBR extends date for sales tax return filing up to February 25

Feb 18

Taxation

FBR extends date for sales tax return filing up to February 25

ISLAMABAD: The Federal Board of Revenue (FBR) on Friday extended the last date for filing monthly sales tax return up to February 25, 2022. The revenue body in an official communication announced the extension in date of payment and submission of sales tax and federal excise return for the tax period January 2022. READ MORE: […]

by Anjum Shah

PTBA demands date extension for filing sales tax return

Feb 1

Taxation

PTBA demands date extension for filing sales tax return

ISLAMABAD: Pakistan Tax Bar Association (PTBA) on Tuesday demanded the tax authorities to extend the last date for filing sales tax return for the month of December 2021 because taxpayers have failed to make compliance due to technical issues on the IRIS portal. The PTBA in a letter to the chairman of Federal Board of […]

by Anjum Shah

FBR further extends date for filing sales tax return

Jan 24

Taxation

FBR further extends date for filing sales tax return

ISLAMABAD: Federal Board of Revenue (FBR) on Monday further extended the last date for filing sales tax and federal excise return for the month of December 2021 up to January 28, 2022. The FBR issued an office order to further extend the date of payment and filing of sales tax and federal excise return for […]

by Anjum Shah

SRB extends last date for payment, filing return

Jan 18

Taxation

SRB extends last date for payment, filing return

KARACHI: Sindh Revenue Board (SRB) on Tuesday extended the last date for electronic filing of sales tax return for the period of December 2021 up to January 25, 2022. The SRB issued Circular No. 01 / 2022 for extension in the last date for e-deposit of Sindh Sales Tax for the tax period December 2021 […]

by Hamza Shah

KTBA highlights anomalies in single sales tax return

Jan 17

Taxation

KTBA highlights anomalies in single sales tax return

KARACHI: Karachi Tax Bar Association (KTBA) has highlighted anomalies in single sales tax return form, which was to be filed for the month of December 2021 in January 2022. “The sales tax return form has been uploaded on the IRIS portal pre-maturely without removing bugs and without proper testing,” the KTBA said in a letter […]

by Hamza Shah

FBR extends date for filing sales tax return

Jan 17

Taxation, Top stories

FBR extends date for filing sales tax return

ISLAMABAD: Federal Board of Revenue (FBR) on Monday extended date for filing sales tax return for the month of December 2021 up to January 24, 2022. The last date for filing the sales tax return for the month of December 2021 is January 18, 2021. The taxpayers are required to file their sales tax returns […]

by Anjum Shah

Single sales tax return to eliminate fake, flying invoices

Jan 6

Taxation, Top stories

Single sales tax return to eliminate fake, flying invoices

The launch of single sales tax return will help the authorities to prevent tax evasion and end the phenomenon of fake and flying invoices. The Federal Board of Revenue (FBR) said that the single sales tax return will facilitate the taxpayers. Besides it will promote ease of doing business and reduce compliance cost as well. […]

by Anjum Shah