ISLAMABAD: The Federal Board of Revenue (FBR) has revised the valuation of steel products to facilitate increased sales tax collection on the supply of this crucial commodity.
ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) has rejected allegations leveled by builders and developers regarding price hike of steel bars.
ISLAMABAD: The Federal Board of Revenue (FBR) has launched online monitoring of sales and purchases by steel sector. The FBR issued draft amendment to Sales Tax Rules, 2006 through SRO 541(I)/2022 dated April 22, 2022. READ MORE: FBR forms committee to resolve pharmaceutical tax issues The tax body proposed amendment to Rule 150FZ for electronic […]
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday increased the valuation of steel products considering rising commodity prices in the international markets. The FBR has fixed the valuation of steel products for the collection of sales tax, instead of the prevailing rates in the open market. The fixed valuation is the minimum price on […]
The Federal Board of Revenue (FBR) has implemented a significant change in the valuation of steel products, aiming to boost sales tax collection.
Islamabad, January 18, 2024 – The Federal Board of Revenue (FBR) has issued valuation of locally produced steel products for collection of sales tax.
ISLAMABAD: The Federal Board of Revenue (FBR) has prescribed minimum production of steel products for payment of sales tax under Thirteenth Schedule of Sales Tax Act, 1990. According to Finance Act, 2021 an amendment has been made to Section 3 of the Sales Tax Act, 1990 in respect of goods, specified in the Thirteenth Schedule, […]
ISLAMABAD: Federal Board of Revenue (FBR) has notified new valuations for steel products for the purpose of collecting sales tax from July 01, 2019. The FBR on Saturday issued SRO 697(l)/2019 to fix the following values of locally produced goods specified in the Table below, for the purpose of payment of sales tax on ad […]