Latest FBR Releases
Federal Board of Revenue has issued three notifications of Sales Tax--SROs 47(I), 48& 49(I)/2008 dated 15-1-2008. The SROs are briefly explained below:-
Applies the provisions of sub-section (8) section 194A of the Customs Act, 1969, to the sales tax appeals pending before Appellate Tribunal. The effect would be that all such appeals, even if filed by officers of rank below Additional Collector, would be considered to have been filed by Additional Collector. Thus, such appeals cannot be challenged on the ground that these were not filed by Additional Collector.
Assigns powers under the Sales Tax Act, 1990, to the officers of the Directorate General of Intelligence and Investigation. Supersedes previous notification SRO 471(I)/2007 dated 09.06.2007.
Amends the Sales Tax Rules, 2006. The effect of the amendment would be that the scope of mandatory electronic filing has been extended to all sales tax returns and statements due under section 26 and 27 of the Sales Tax Act, 1990. Previously such mandatory e-filing was restricted to monthly sales tax return. Now, statements and special returns such as summary of invoices and special return of production data shall also be filed electronically. However, the mandatory e-filing continues to be restricted to private and public limited companies and those registered in any of the Large Taxpayers Units.
All of the above mentioned SROs have been placed on FBR's website: www.fbr.gov.pk