Tax credit on certain supplies not allowed

Section 8 of Sales Tax Act, 1990 has defined tax credit on certain supplies not allowed. The Federal Board of Revenue (FBR) issued the Sales Tax Act, 1990 updated up to June 30, 2021. The Act incorporated amendments brought through Finance Act, 2021. Following is the text of section 8  of Sales Tax Act, 1990: 8. Tax credit not allowed. – (1) Notwithstanding … Continue reading Tax credit on certain supplies not allowed