January 26, 2022

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Pakistan Revenue

Tag: SRB

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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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 […]

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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 […]

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Cable TV operators granted exemption of sales tax on services
Jul 9
Taxation

Cable TV operators granted exemption of sales tax on services

KARACHI: The Sindh government has exempted sales tax on services for one year for cable TV operators within the jurisdiction of the province. The Sindh Revenue Board (SRB) has issued a notification to further exempt the sales tax on services rendered by cable TV operators till June 30, 2022. The Sindh government imposed sales tax […]

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