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The Federal Board of Revenue (FBR) will charge 17 percent sales tax on motor spirit from January 01, 2018. The FBR has issued SRO 1331(I)/2017 here on Monday. Sales tax at the rate of 25.5 percent ad valorem would be charged on high speed diesel oil from January 01, 2018; 6 percent on kerosene oil and 6 percent sales tax would be charged on light diesel oil from January 01, 2018.
Following is the text of SRO 1331(I)/2017 issued here on Monday: In exercise of the powers conferred by clause (b) of subsection (2) and sub-section (6) of section 3 of the Sales Tax Act, 1990, the Board is pleased to direct that the following further amendment shall be made from January 01, 2018, in its notification # SRO 57(I)/2016, dated January29, 2016, namely:- In the aforesaid notification, for the existing table, the following shall be substituted, namely:-



======================================================================
S. No Description PCT heading Rate
======================================================================
(1) (2) (3) (4)
======================================================================
1. Motor spirit excluding HOBC 2710.1210 17% ad valorem
2. High speed diesel oil 2710.1931 25.5% ad valorem
3. Kerosene 2710.1911 6% ad valorem
4. Light diesel oil 2710.1921 6% ad valorem
======================================================================

Copyright Business Recorder, 2018

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