Exporter succeeds in obtaining input tax against alleged fake/flying invoices LAHORE: A silk manufacturer cum exporter has succeeded in obtaining input tax against the alleged fake/flying... Published 01 Dec, 2023 04:43am
Business & Finance Manufacturing premises: FBR refuses DA to IR staff ISLAMABAD: The Federal Board of Revenue (FBR) has refused to grant daily allowance (DA) to the officers/ staff of... Published 23 Nov, 2023 03:19am
Print I&I-IR detects illegal adjustments of Rs70bn input tax ISLAMABAD: The Directorate General Intelligence and Investigation Inland Revenue (I&I-IR)’s national... Updated 15 Oct, 2023 09:37am
Pakistan Two accused held under Section 37A of ST Act 1990 ISLAMABAD: In an effort to curb the menace of fake and flying invoices, Directorate of Inland Revenue Intelligence... Published 29 Sep, 2023 06:24am
Print Units involved in tax fraud: FBR suggests new sections in ST Act for penal action ISLAMABAD: The Federal Board of Revenue (FBR) has proposed separate sections in the Sales Tax Act for suspension of... Updated 27 Aug, 2023 09:36am
Print Sale tax law: expert approves of new definition of ‘tax fraud’ ISLAMABAD: The acquirers or possessors (traders) of smuggled/ domestic goods, on which sales tax has not been paid,... Updated 31 Jul, 2023 09:46am
Print FBR to ‘sell’ excise rules, general orders, departmental rulings to public ISLAMABAD: The Federal Board of Revenue (FBR) will “sell” federal excise rules, general orders and departmental... Updated 06 Jul, 2023 08:39am
Print Track & trace system scheme not violative of sales tax law: IHC ISLAMABAD: Islamabad High Court (IHC) has ruled that the entire scheme of the track and trace system of the Federal... Updated 01 May, 2023 09:04am
Business & Finance Computerised arms licences: FBR asked to confirm sales tax chargeability ISLAMABAD: The Federal Tax Ombudsman (FTO) on Tuesday directed the Federal Board of Revenue (FBR) to confirm the... Published 15 Mar, 2023 06:01am
Business & Finance Tier-1 retailers unhappy with direct imposition of ‘highest’ penalty LAHORE: The Tier-1 Retailers (T-1Rs) are offended with direct imposition of the highest degree of penalty by the... Published 05 Mar, 2023 03:36am
Business & Finance Well-known outlet sealed over failure to install PoS app RAWALPINDI: The Regional Tax Office (RTO), Rawalpindi, on Thursday sealed a famous business outlet over failure to... Published 03 Mar, 2023 06:12am
Pakistan RTO Peshawar seizes huge quantity of illicit goods ISLAMABAD: The mobile squads of the Regional Tax Office (RTO) Peshawar have seized a huge quantity of goods ... Published 20 Jan, 2023 06:10am
Business & Finance Sugar industry: Major problems detected in FBR’s track & trace system LAHORE: If not completely then largely, the Federal Board of Revenue’s track & trace system has failed to... Published 24 Aug, 2022 05:08am
Business & Finance Less than Rs100m GST liability: Tax-related disputes can’t be brought before FBR ISLAMABAD: Taxpayers now cannot bring tax-related disputes before the Federal Board of Revenue (FBR) involving sales... Published 23 Jul, 2022 04:10am
Business & Finance Federal Capital: Majority of restaurants, eateries involved in ST evasion ISLAMABAD: A majority of restaurants and eateries in the federal capital are involved in massive sales tax evasion... Updated 28 Jun, 2022 02:13pm
Print Sales tax on specified goods: FTO directs FBR to recover the amount evaded in last three years ISLAMABAD: The Federal Tax Ombudsman (FTO), while deciding its own motion investigation has ordered the Federal... Updated 31 May, 2022 10:11am
Business & Finance Steel melters urge govt to review stance on track, trace system LAHORE: Pakistan Steel Melters Association on Monday said that the government should review its decision of... Published 31 May, 2022 05:11am
Print Private hospitals, NGOs, charities not having STRNs: FBR to charge 3pc more sales tax ISLAMABAD: The Federal Board of Revenue (FBR) will charge three percent further sales tax on supplies made to the... Updated 28 May, 2022 10:24am
Print GST calculation, levy: FBR clarifies discount on standardized tax invoice ISLAMABAD: The Federal Board of Revenue (FBR), Friday, clarified that the sales tax will be calculated and charged ... Updated 19 Mar, 2022 04:23pm
Business & Finance SSGC: LTO Karachi attaches bank accounts KARACHI: Large Taxpayers Office (LTO), Karachi has attached all bank accounts of Sui Southern Gas Company Limited... Published 24 Feb, 2022 06:34am
Print Deadline for filing of ST returns extended ISLAMABAD: The Federal Board of Revenue (FBR) has extended dates for filing of Annex-C, payment and filing of sales... Updated 18 Jan, 2022 09:23am
Business & Finance Curbing GST evasion: FBR to outline ‘guide techniques’ for IROs ISLAMABAD: The Federal Board of Revenue (FBR) has decided to outline guide techniques for Inland Revenue Officers ... Published 08 Dec, 2021 06:22am
Print Local supply to be zero-rated: 17pc GST may be levied on import of pharma inputs Local supply of medicines may be sales tax zero-rated, but the import of raw materials could be made taxable Updated 24 Nov, 2021 10:19am
Business & Finance LTO official explains how bank accounts will be attached KARACHI: Shahid Iqbal, chief commissioner Large Taxpayers Office (LTO), on Wednesday ruled out the possibility of... Published 21 Oct, 2021 04:38am
Pakistan FPCCI criticises bank account attachment provision in law KARACHI: Mian Nasser Hyatt Maggo, President of the Federation of Pakistan Chambers of Commerce and Industry has... Published 14 Oct, 2021 04:14am
Print STA 1990 does not deal with issue of mis-declaration: SHC KARACHI: Sindh High Court (SHC) has ruled that Sales Tax Act, 1990 does not deal with the issue of mis-declaration ... Published 22 Sep, 2021 03:20am
Print Ordinance promulgated: Non-filers of tax returns to face strict actions New enforcement measures include empowering the FBR to disable mobile phones/SIMS, disconnect electricity and gas of persons who are required to file returns but do not appear on the Active Taxpayer List (ATL) Updated 17 Sep, 2021 11:48am
Print Principal amount of sales tax: IR officers cannot impose penalty, levy surcharge ISLAMABAD: The Inland Revenue officers of the Federal Board of Revenue (FBR) cannot levy penalty and default... Updated 13 Sep, 2021 10:24am
Print Sept 30 last date to file tax returns: FBR ISLAMABAD: Every registered person, being a private or public limited company, is required to file annual sales tax... Updated 12 Sep, 2021 12:06pm
Business & Finance Retailers asked to integrate into FBR system ISLAMABAD: The Federal Board of Revenue (FBR) has extended the scope of registration to retailers, who have acquired... Published 24 Aug, 2021 05:02am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?