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.

  1. Every RP engaged in proving exempt services shall file monthly return by showing aggregate monthly value of such services.
  2. 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.
  3. 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.

  1. 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)