ISLAMABAD: The Federal Board of Revenue (FBR) has upward revised the value of supply of the compressed natural gas (CNG) to the CNG consumers for the purpose of charging sales tax to CNG stations.

The FBR has issued SRO 587(I)/2022 on Tuesday to supersede SRO 39(I)/2022, dated January 8, 2022.

The FBR has notified the value of supply to the CNG consumers for the purpose of charging of sales tax from CNG stations by the gas transmission and distribution companies.

The value of supply of the CNG has been increased from Rs134.57 per kg to Rs140 per kg for Region-I covering Khyber-Pakhtunkhwa, Balochistan, and Potohar Region (Rawalpindi, Islamabad, and Gujar Khan).

The value of supply of the CNG has been increased from Rs128.11 per kg to Rs135 per kg for Region-II covering the areas of Sindh and Punjab excluding the Potohar Region.

Copyright Business Recorder, 2022