SRB implements verification system for utility invoices

Jan 31

Taxation

SRB implements verification system for utility invoices

KARACHI: The Sindh Revenue Board (SRB) has implemented online verification system for invoices issued by utility companies. The SRB in a communication issued on Monday stated that STRIVe (Sales Tax Real-time Invoice Verification) System has been implemented for Sindh Sales Tax return filing since July, 2019. READ MORE: KTBA identifies anomaly in SRB’s appellate system […]

by Faisal Shahnawaz

KTBA identifies anomaly in SRB’s appellate system

Jan 25

Taxation

KTBA identifies anomaly in SRB’s appellate system

Karachi Tax Bar Association (KTBA) has identified a sheer violation of the constitution by the Sindh Revenue Board (SRB) regarding appointments in appellate system. KTBA President Muhammad Zeeshan Merchant in a letter to SRB Chairman Wasif Ali Memon pointed out the irregularities in appointments of provincial tax officials in first appellate forum available to taxpayers […]

by Hamza Shahnawaz

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 Shahnawaz

Exchange rate declaration must for services exports

Dec 18

Taxation, Top stories

Exchange rate declaration must for services exports

KARACHI: The Sindh government has made mandatory the requirement of exchange rate declaration to avail sales tax concessions on export of services. In this regard, the Sindh Revenue Board (SRB) issued a notification to amend Sales Tax on Services Rules, 2011. The provincial revenue board amended the changes in Annex-D of the Sindh Sales Tax […]

by Faisal Shahnawaz

SRB invites proposals for Budget 2022-2023

Dec 9

Budget, Budget 2022-2023, Taxation

SRB invites proposals for Budget 2022-2023

KARACHI: Sindh Revenue Board (SRB) has invited proposals for budget 2022/2023 from stakeholders by January 21, 2022. The SRB said it was in process of formulating budgetary proposals for provincial budget 2022-2023 in relation to taxation and procedural provisions of Sindh Sales Tax on Services Act, 2011, the Sindh Sales Tax on Services Rules, 2011, […]

by Faisal Shahnawaz

Dr. Wasif Memon appointed as SRB chairman

Nov 23

Taxation

Dr. Wasif Memon appointed as SRB chairman

KARACHI: Dr. Wasif Ali Memon, a former senior officer of the Federal Board of Revenue (FBR), has been appointed as the Chairman of the Sindh Revenue Board (SRB) by the provincial government. The Sindh government has issued a notification dated November 23, 2021, to appoint Dr. Wasif Ali Memon as the chairman of the SRB. […]

by Faisal Shahnawaz

Indenters not paying tax despite rate reduction: SRB

Oct 15

Taxation

Indenters not paying tax despite rate reduction: SRB

KARACHI: Khalid Mehmood, Chairman, Sindh Revenue Board (SRB) on Friday said that many indenters are still not paying tax and opted to approach court. SRB chairman stated this while sharing views with the members of Karachi Chamber of Commerce and Industry (KCCI). Khalid Mehmood said that sincere efforts were made to resolve the indenters issue […]

by Mrs. Anjum Shahnawaz

Single sales tax portal to start functioning by month-end

Oct 9

Taxation

Single sales tax portal to start functioning by month-end

ISLAMABAD: The single sales tax portal is likely to start functioning by end of October 2021 to facilitate taxpayers falling under all federal and provincial revenue jurisdictions. In a statement, the Federal Board of Revenue (FBR) said that building further on its ongoing drive for digitization and automation of various processes involved in revenue collection, […]

by Faisal Shahnawaz

SHC dismisses petition challenging SRB show cause

Sep 21

Taxation

SHC dismisses petition challenging SRB show cause

KARACHI: Sindh High Court (SHC) has dismissed a petition filed by Hum Network Limited for a grant of relief against a show cause issued by the Sindh Revenue Board (SRB). A division bench of the SHC in a case C.P.No.D-3735 of 2016, observed: “We are of the considered view that instant petition is misconceived and […]

by Mrs. Anjum Shahnawaz