June 25, 2022

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Pakistan Revenue

Tag: SRB

Sindh integrates 56 restaurants for online tax monitoring
Jun 7
Taxation

Sindh integrates 56 restaurants for online tax monitoring

KARACHI: Sindh Revenue Board (SRB) on Tuesday said it integrated around 56 restaurants through installation of Point of Sales (POS) for online monitoring of sales tax on services. The SRB issued a statement regarding distribution of certificate of appreciation to SRB POS integrated persons by its chairman. READ MORE: SRB collects Rs132 billion as services […]

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SRB collects Rs132 billion as services tax in 11 months
Jun 1
Taxation

SRB collects Rs132 billion as services tax in 11 months

KARACHI: The collection of sales tax on services by Sindh Revenue Board (SRB) has increased by 21 per cent to Rs132 billion during first 11 months (July – May) 2021/2022. According to official data released on Wednesday, the SRB collected Rs132 billion during first eleven months of the current fiscal year as compared with Rs109 […]

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Sindh extends date for filing sales tax return
Feb 16
Taxation

Sindh extends date for filing sales tax return

KARACHI: Sindh Revenue Board (SRB) on Wednesday extended the last date for making deposit and filing monthly sales tax return for January 2022. The SRB issued Circular No. 02/2022 for extension in the last date for e-deposit of Sindh sales tax for the tax period January 2022 and for e-filing of tax return for the […]

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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 […]

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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 […]

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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 […]

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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 […]

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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, […]

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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. […]

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