AGL 38.16 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 134.19 Increased By ▲ 5.22 (4.05%)
BOP 8.85 Increased By ▲ 1.00 (12.74%)
CNERGY 4.69 Increased By ▲ 0.03 (0.64%)
DCL 8.67 Increased By ▲ 0.35 (4.21%)
DFML 39.78 Increased By ▲ 0.84 (2.16%)
DGKC 85.15 Increased By ▲ 3.21 (3.92%)
FCCL 34.90 Increased By ▲ 1.48 (4.43%)
FFBL 75.60 Decreased By ▼ -0.11 (-0.15%)
FFL 12.74 Decreased By ▼ -0.08 (-0.62%)
HUBC 109.45 Decreased By ▼ -0.91 (-0.82%)
HUMNL 14.10 Increased By ▲ 0.09 (0.64%)
KEL 5.40 Increased By ▲ 0.25 (4.85%)
KOSM 7.75 Increased By ▲ 0.08 (1.04%)
MLCF 41.37 Increased By ▲ 1.57 (3.94%)
NBP 69.70 Decreased By ▼ -2.62 (-3.62%)
OGDC 193.62 Increased By ▲ 5.33 (2.83%)
PAEL 26.21 Increased By ▲ 0.58 (2.26%)
PIBTL 7.42 Increased By ▲ 0.05 (0.68%)
PPL 163.85 Increased By ▲ 11.18 (7.32%)
PRL 26.36 Increased By ▲ 0.97 (3.82%)
PTC 19.47 Increased By ▲ 1.77 (10%)
SEARL 84.40 Increased By ▲ 1.98 (2.4%)
TELE 7.99 Increased By ▲ 0.40 (5.27%)
TOMCL 34.05 Increased By ▲ 1.48 (4.54%)
TPLP 8.72 Increased By ▲ 0.30 (3.56%)
TREET 17.18 Increased By ▲ 0.40 (2.38%)
TRG 61.00 Increased By ▲ 4.96 (8.85%)
UNITY 28.96 Increased By ▲ 0.18 (0.63%)
WTL 1.37 Increased By ▲ 0.02 (1.48%)
BR100 10,786 Increased By 127.6 (1.2%)
BR30 32,266 Increased By 934.6 (2.98%)
KSE100 100,083 Increased By 813.5 (0.82%)
KSE30 31,193 Increased By 160.9 (0.52%)

The Federal Board of Revenue has categorically conveyed to the Regional Tax Offices (RTOs) and Large Taxpayer Units (LTUs) that the supply of jute bags to government departments is chargeable to sales tax at the rate of 5 percent. Sources told Business Recorder here on Saturday that the FBR has issued instructions to all RTOs and LTUs to issue a clarification of applicability of sales tax rate on supply of jute bags to government departments under SRO.221(I)/2013, SRO.154(I)/2013 and SRO.1125(I)/2011.
According to the FBR's instructions, M/s Thai Limited's letter No TL/2013/1451 dated 22-03-2013 on the said subject and to say that the issue of chargeability of sales tax rate on supply of jute bags has been examined in the Board. According to condition (vi) of SRO 1125(1)/2011 dated 31-12-2011 (as amended vide SRO 154(1)12013 dated 28-02-2013 and SRO 221(1)/2013 dated 19-03-2013) supplies of the goods mentioned in the Table to persons outside the five sectors are chargeable to sales tax @ 5 percent. Since government departments do not belong to the five sectors, therefore, supply of jute bags to government departments is chargeable to sales tax @ 5 percent. The instructions have been issued to the field formations including Chief Commissioners of all RTOs/LTUs for information and guidance, the FBR added.

Copyright Business Recorder, 2013

Comments

Comments are closed.