Section 58 of Sales Tax Act, 1990 has explained liability for payment of tax in case of private companies or business enterprises. 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 58 of the Sales Tax Act, 1990: 58. … Continue reading Tax liability of winding company