ANL 10.67 Increased By ▲ 0.16 (1.52%)
ASC 9.75 Increased By ▲ 0.42 (4.5%)
ASL 10.49 Decreased By ▼ -0.02 (-0.19%)
AVN 70.15 Increased By ▲ 1.75 (2.56%)
BOP 5.91 Decreased By ▼ -0.01 (-0.17%)
CNERGY 5.32 Increased By ▲ 0.12 (2.31%)
FFL 6.46 Increased By ▲ 0.05 (0.78%)
FNEL 6.05 Decreased By ▼ -0.05 (-0.82%)
GGGL 11.22 Increased By ▲ 0.17 (1.54%)
GGL 15.10 Decreased By ▼ -0.07 (-0.46%)
GTECH 9.37 Increased By ▲ 0.37 (4.11%)
HUMNL 6.42 Increased By ▲ 0.07 (1.1%)
KEL 2.54 Decreased By ▼ -0.01 (-0.39%)
KOSM 2.90 Increased By ▲ 0.01 (0.35%)
MLCF 27.80 Decreased By ▼ -0.85 (-2.97%)
PACE 2.96 Increased By ▲ 0.06 (2.07%)
PIBTL 6.11 Increased By ▲ 0.11 (1.83%)
PRL 15.24 Increased By ▲ 0.49 (3.32%)
PTC 6.85 Decreased By ▼ -0.08 (-1.15%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SNGP 26.25 Decreased By ▼ -0.35 (-1.32%)
TELE 10.30 Increased By ▲ 0.12 (1.18%)
TPL 8.87 Decreased By ▼ -0.13 (-1.44%)
TPLP 15.83 Increased By ▲ 0.07 (0.44%)
TREET 30.50 Increased By ▲ 0.45 (1.5%)
TRG 75.30 Increased By ▲ 1.59 (2.16%)
UNITY 21.68 Increased By ▲ 0.11 (0.51%)
WAVES 12.58 Increased By ▲ 0.28 (2.28%)
WTL 1.46 Increased By ▲ 0.01 (0.69%)
YOUW 4.80 Decreased By ▼ -0.11 (-2.24%)
BR100 4,231 Increased By 10.9 (0.26%)
BR30 14,503 Increased By 126.5 (0.88%)
KSE100 42,717 Increased By 49.8 (0.12%)
KSE30 16,244 Increased By 31.4 (0.19%)

The Federal Board of Revenue (FBR) has specified due dates for tax payments and filing of monthly sales tax returns by different categories of taxpayers including Independent Power Producers(IPPs). According to the amendments made by the FBR in Sales Tax Rules 2006, for the registered persons specified, the due dates shall be as indicated in the table of the amended rules.
The FBR has issued SRO 918 (1)/2019 to specify five categories of taxpayers and due dates for tax payments and filing of monthly sales tax returns by them. For electricity distribution companies, the due date for tax payment would be 18th of the month following the tax period in which the bill or invoice has been issued for the supplies made during the billing period. The due date for return filing would be 21st day following the 18th day as specified above.
In case of Independent Power Producers, the due date for tax payment would be 22nd day of the month following the tax period to which sales tax invoice relates. The due date for return filing would be 25th day following the 22nd day as specified.
For gas transmission and distribution companies, the due date for tax payment would be 15th of the month following the tax period in which the bill or invoice has been issued for the supplies made during the billing period. The due date for return filing would be 18th day following the 15th day as specified. For petroleum exploration and production companies, the due date for tax payment would be 18th of the month following the tax period in which supplies were made. The due date for return filing would be 21st day following the 18th day as specified.
In case of CNG dealers (on quarterly basis), the due date for tax payment would be 15th day of the month following the end of quarter of the financial year. The due date for return filing would be 18th day following the 15th day as specified for CNG dealers (on quarterly basis).

Copyright Business Recorder, 2019

Comments

Comments are closed.