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
FORM STR-7, ANNEX-K Through this notification an additional line item (i.e. Consumer number of Electricity Meter) is included for Steel Melting and re-rolling sector.
| Part-A | S.No. | Consumer number of Electricity Meter | Electricity units consumed during month (kwh) |
LINK OF DOCUMENT SRO 295(I)-2020 (ST & FED)
ISSUING AUTHORITY: KHYBER PAKHTUNKHWA REVENUE AUTHORITY
POWERS EXERCISED U/S: 28(1) OF KP ACT, 2013
NOTIFICATION NO: 7(3-2)/KPRA/Exemption/2019/709-11
DATE OF ISSUANCE: APRIL 7, 2020
EFFECTIVE FROM: WITH IMMEDIATE EFFECT (i.e. APRIL 7, 2020)
VALID TILL: JUNE 30, 2020
AMENDMENTS MADE IN: SERIAL 14 OF SECOND SCHEDULE
COMMENTARY
Through this notification KP Revenue Authority with the approval of the Government of KPK has exempted sales tax on services on all construction and allied services specified at serial 14 of the Schedule II due to COVID-19 till June 30, 2020 subject to certain conditions which are listed below:
CONDITIONS 1. No input tax shall be allowed to be adjusted against any future standard or higher rate of output tax.
- Every RP engaged in proving exempt services shall file monthly return by showing aggregate monthly value of such services.
- It shall be mandatory on a person providing exempt services to get registration in terms of applicable provisions of the Act and regulation and file monthly return without any tax liability accordingly.
- Option to operate @ 15% shall remain open and available
Proviso That this option once exercised, the business concerned shall not be entitled or allowed to discontinue the option during the currency of this Notification.
- Valid till June 30, 2020 unless rescinded earlier or extended further.
LINK OF DOCUMENT KPRA Notification-converted
ISSUING AUTHORITY: MINISTRY OF FINANCE & REVENUE
POWERS EXERCISED U/S: 18(5) OF CA, 1969
NOTIFICATION NO: SRO. 288(I)/2020
DATE OF ISSUANCE: APRIL 7, 2020
EFFECTIVE FROM: WITH IMMEDIATE EFFECT (i.e. APRIL 7, 2020)
APPLICABLE TILL: JUNE 30, 2020
AMENDMENTS MADE IN: SRO 670(I)/2019 DATED JUNE 28, 2019
COMMENTARY: Through this notification levy of additional custom duties @ 7% which was charged previously vide SRO 670(1)/2019 dated June 28, 2019 on import of goods falling under below mentioned PCT codes have been withdrawn.
| PCT Codes | Items/Goods |
| 1507.1000 | Crude oil, whether or not degummed |
| 1507.9000 | Other (i.e. falling under chapter 15.07) |
| 1511.1000 | Crude oil falling under chapter 15.11 |
| 1511.9020 | RBD Palm Oil |
| 1511.9030 | Palm Olein |
| 1512.1100 | Crude oil falling under chapter 15.12 |
| 1512.1900 | Other |
| 1514.1100 | Crude oil falling under chapter 15.14 |
| 1514.1900 | Other |
Further additional custom duties shall not be levied on Oil seeds and Edible Oils falling under below mentioned PCT Codes
| PCT Codes | Items/Goods |
| 1201.1000 | Seed |
| 1205.1000 | Low erucic acid rape or colza seeds |
| 1206.0000 | Sunflower seeds, whether or not broken |
| 1507.1000 | Crude oil, whether or not degummed |
| 1507.9000 | Other (i.e. falling under chapter 15.07) |
| 1511.1000 | Crude oil falling under chapter 15.11 |
| 1511.9020 | RBD Palm Oil |
| 1511.9030 | Palm Olein |
| 1512.1100 | Crude oil falling under chapter 15.12 |
| 1512.1900 | Other |
| 1514.1100 | Crude oil falling under chapter 15.14 |
| 1514.1900 | Other |
LINK OF DOCUMENT SRO 288(I)-2020 (Custom)
ISSUING AUTHORITY: FEDERAL BOARD OF REVENUE
POWERS EXERCISED U/S: 53(2) OF ITO, 2001
NOTIFICATION NO: SRO. 287(I)/2020
DATE OF ISSUANCE: APRIL 7, 2020
EFFECTIVE FROM: WITH IMMEDIATE EFFECT (i.e. APRIL 7, 2020)
APPLICABLE TILL: JUNE 30, 2020
AMENDMENTS MADE IN: PART II & PART IV OF SECOND SCHEDULE TO INCOME TAX ORDINANCE, 2001
COMMENTARY
CLAUSE 24CA Through this newly inserted clause a reduced rate has been announced for persons other than a company for goods supplied (i.e. specified below) to Utility Corporation of Pakistan.
| Applicable section | 153(1)(a) |
| Applicable rate | 1.5% of the gross amount |
| Specified goods | Tea
Spices Salt Dry Milk Sugar Pulses Wheat Flour and Ghee |
Proviso 1 This clause is not applicable to supply of tea, spices, salt and dry milk which are sold under a brand name.
Proviso 2 This clause is also not applicable where rate of tax under section 153(1)(a) is less than 1.5% of the gross amount of payment under any provisions of the Ordinance.
COMMENTARY
CLAUSE 12C Through this newly inserted clause advance tax under section 148 shall not be collected by the collector of customs from persons importing pulses.
Previously 2% (Filer) or 3% (Non-Filer) of the import value as increased by customs-duty, sales tax and federal excise duty was collected under section 148 (Division II, Part II of First Schedule) from persons importing pulses.
LINK OF DOCUMENT SRO 287(I)-2020 (IT)
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