Sindh Sales Tax on Services Act: ICAP to organise workshop on November 1

Institute of Chartered Accountant of Pakistan (ICAP) is going to organise one-day workshop on "Sindh Sales Tax on Services Act, 2011" on November, 01 2011.
Nazar Hussain Mehar, Chairman, Sindh Revenue Board will be the chief guest and Asif Kasbati, FCA, Director, A.F.Ferguson & Co, Saud-ul-Hassan, Senior Manager, Ernst & Young Ford Rhodes Sidat Hyder, Ghazanfar Siddiqui, Manager, Shekha & Mufti, Mazhar Saleem Shah, Senior Manager, KPMG Taseer Hadi & Co, Mumtaz Shaikh, Member (Legal), Sindh Revenue Board and Syed Najmul Hussain, FCA, CPD Convenor, SRC will be the speakers at the workshop.
Pursuant to the 7th NFC award and 18th Amendment in the Constitution, the Government of Sindh decided to impose and collect sales tax on services. Accordingly, the Sindh Revenue Board [SRB] was established after promulgation of Sindh Revenue Board Act, 2010.
On 06 June 2011, the Sindh Assembly unanimously passed the Sindh Sales Tax on Service Act, 2011 (the Act) to levy, assess, collect and generally administer sales tax on services provided, rendered, initiated, received or consumed in the province of Sindh. Besides bringing excisable services falling under the Federal Excise Act, 2005 into sales tax net, the newly enacted Act has also taxed certain new services such as services of restaurants, hotels, ship management, freight forwarders, property developers, construction services and services in nature of contractual execution of work. This has brought to light various tax issues both in the minds of existing as well as prospective taxpayers.-PR