sales tax zero rating Archives

FBR sets up cell for registration of manufacturers for concessionary power, gas tariff

January 7, 2021January 7, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday established a cell for registration of manufacturers in export-oriented sector to allow concessionary tariff on supply of electricity and gas. The FBR issued an office order to set up Export-oriented Sector Registration Cell (ESRC) for manufacturers of export-oriented sectors (erstwhile zero-rated sector) to process requests for concessionary […]

PRGMEA supports proposal for revival of sales tax zero-rate regime

January 7, 2021January 7, 2021Mrs. Anjum Shahnawaz

KARACHI: Exporters and manufacturers of readymade garments on Thursday supported the proposals of revival of zero-rate sales tax regime for entire textile chain. Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) in a statement endorsed the demand of PM Advisor on Commerce Abdul Razak Dawood to seek zero-rating regime for whole textile chain in the […]

APTMA demands sales tax zero rating revival

April 22, 2020April 22, 2020Mrs. Anjum Shahnawaz

KARACHI: All Pakistan Textile Mills Association (APTMA) on Wednesday demanded restoration of sales tax zero rating as authorities failed to fulfill commitments of repayment of refund under new online refund system. In a letter sent to Abdul Razzaq Dawood, Advisor for Commerce, Textile, Industry & Production and Investment, the association informed that since domestic sales […]

FBR outlines revised regime of zero-rate sales tax

October 12, 2019March 21, 2021Mrs. Anjum Shahnawaz

KARACHI: Federal Board of Revenue (FBR) has outlined the revised regime of zero rating of sales tax on supply of various goods. The FBR issued Sales Tax Act, 1990 updated till June 30, 2019 amended through Finance Act, 2019. Section 4 of the Act explained the zero-rating of sales tax on supply of various goods. […]

Budget 2019/2020: sales tax zero-rating abolished

June 11, 2019March 10, 2021Faisal Shahnawaz

ISLAMABAD: The government has abolished sales tax zero-rated by rescinding SRO 1125(I)/2011 for export sectors. However, new mechanism of refund has been introduced which would be paid at the time of realization of exports. SRO 1125(I)/2011 provides for zero-rate of sales tax on inputs and products of five export-oriented sectors i.e. textile, leather, carpets, sports […]

FBR suspends zero rating on electricity to textile unit

April 14, 2019April 13, 2021Faisal Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has suspended sales tax zero rating allowed to a textile unit on consumption of electricity. The FBR issued Sales Tax General Order (STGO) No. 51 of 2019 and suspended sales tax zero rating under SRO 1125(I)/2011 dated December 31, 2011 of Habib Fabric Private Limited. The zero rating of […]

Sales Tax Act 1990: zero rating on export, supply of goods

April 4, 2019April 18, 2021Faisal Shahnawaz

KARACHI: The sales tax laws have allowed zero rating of sales tax on exports or supply of goods. According to updated Sales Tax Act, 1990 issued by Federal Board of Revenue (FBR), the Section 4 of the Act explained the zero rating. Section 4: Zero rating Notwithstanding the provisions of section 3 except those of […]

FBR discontinues zero rating facility to two textile units

February 27, 2019March 1, 2021Faisal Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has withdrawn sales tax zero rating to two textile units in Karachi for misusing facility on consumption of gas and electricity. According to Sales Tax General Order (STGO) issued on Wednesday, the FBR withdrew the facility of zero rating that was granted on consumption of electricity and gas to […]

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