To facilitate the business community, the Federal Board of Revenue (FBR) has extended date for payment of taxes/duty and filing of Sales Tax/Federal Excise return up to August 30, 2012 for the tax period July, 2012 for all registered persons. In this connection, the FBR has issued instructions to the field formations here on Monday.
The Board has also taken other steps to ensure error-free filing of sales tax return by the registered persons. The FBR has also issued 211 HS-Codes for services and Sales Tax & FED Exemption & Concession SROs to facilitate the business and trade for proper filing of sales tax returns. HS codes and Sales Tax & FED Exemption & Concession SROs have to be specified wherever required under the new sales tax return form. According to the FBR, following are the Sales Tax & FED Exemption & Concession SROs and their types/description required for filing of sales tax returns:

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Sales Tax & FED Exemption & Concession SROs
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Sr. SRO/Schedule           Type / Description
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1   1125(I)/2011           Zero Rating
2   549(I)/2008            Zero Rating
3   646(I)/2005            Zero Rating
4   811(I)/2009            Zero Rating
5   863(I)/2007            Zero Rating
6   Zero Rated Elec.       Zero Rating
7   Zero Rated Gas         Zero Rating
8   5th Schedule           Zero Rating
9   1125(I)/2011           Reduce Rating 5%
                           (Textile, Carpet, Leather,
                           Sports & Surgical)
10  608(I)/2012            Reduce 5% (Black Tea)
11  79(I)/2012             Reduce 5% (Tractors)
12  1st Schedule FED       8% (Sugar)
13  1007(I)/2005           Sales Tax Exemption
14  164(I)/2010            Sales Tax Exemption
15  172(I)/2006            Sales Tax Exemption
16  326(I)/2008            Sales Tax Exemption
17  408(I)/2012            Sales Tax Exemption
18  539(I)/2008            Sales Tax Exemption
19  542(I)/2008            Sales Tax Exemption
20  551(I)/2008            Sales Tax Exemption
21  727(I)/2011            Sales Tax Exemption
22  76(I)/2008             Sales Tax Exemption
23  880(I)/2007            Sales Tax Exemption
24  6th Schd Table I       Sales Tax Exemption
25  6th Schd Table II      Sales Tax Exemption
26  FED 3rd Schd Table I   FED Goods Exemption
27  FED 3rd Schd Table II  FED Services Exemption
28  DTRE                   DTRE
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