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  INTRODUCTION   Federal Board of Revenue has issued extension in the dates of Payment Submission of Sales Tax and Federal Excise Returns for the Tax Period MARCH 2020.   ISSUING AUTHORITY:                               FEDERAL BOARD OF REVENUE   POWERS EXERCISED U/S:                         SECTION 74 OF SALES TAX ACT 1990 SECTION 43 OF FEDERAL EXCISE ACT 2005. [...]

Introduction   In order to provide ease to our valued clients, Khilji and Co is please to publish the commentaries of Multiple Notifications in single transmittal document.   Commentaries   ISSUING AUTHORITY:                   FEDERAL BOARD OF REVENUE POWERS EXERCISED U/S:             53(2) OF ITO, 2001 NOTIFICATION NO:                       SRO. 315(I)/2020 DATE OF ISSUANCE:                      APRIL 16, 2020 EFFECTIVE FROM:                         [...]

Covid-19 Circular (15.04.2020).pdf

PREVENTIVE MEASURES AGAINST CORONAVIRUS DISEASE (COVID-19) THE CURRENT OUTBREAK OF CORONAVIRUS DISEASE (COVID-19)     SECP vide Circular No. 13 of 2020 dated April 14, 2020 issued following preventive meausres to protect well-being of employees of the Securities and Exchange Commission of Pakistan deputed at the Company Registration Offices (CROs) and facilitation centers   The [...]

RELAXATION FROM CERTAIN PROVISIONS OF NON-BANKING FINANCE COMPANIES AND NOTIFIED ENTITIES REGULATIONS, 2008 AND CIRCULARS DUE TO COVID-19 PANDEMIC   SECP vide Circular No. 11 of 2020 dated April 09, 2020 relaxed certain provisions of the Non-Banking Finance Companies and Notified Entities Regulations, 2008 and Circulars issued thereunder in pursuant to the challenges being faced [...]

  ISSUING AUTHORITY:                   FEDERAL BOARD OF REVENUE POWERS EXERCISED U/S:             53(2) OF ITO, 2001 NOTIFICATION NO:                        SRO. 300(I)/2020 DATE OF ISSUANCE:                       APRIL 10, 2020 EFFECTIVE FROM:                         WITH IMMEDIATE EFFECT (i.e. APRIL 10, 2020) AMENDMENTS MADE IN:              SECOND SCHEDULE TO ITO, 2001   COMMENTARY Clause 61 Part I                                  Through this notification a new [...]

ISSUING AUTHORITY:                   FEDERAL BOARD OF REVENUE POWERS EXERCISED U/S:             4(1) & 40 OF FED ACT, 2005 219 OF CUSTOMS ACT, 1969 50 OF STA, 1990 NOTIFICATION NO:                        SRO. 295(I)/2020 DATE OF ISSUANCE:                       APRIL 8, 2020 EFFECTIVE FROM:                         WITH IMMEDIATE EFFECT (i.e. APRIL 8, 2020) AMENDMENTS MADE IN:              SALES TAX RULES, 2006 COMMENTARY [...]

Sales Tax exemption to Fight COVID-19