Punjab TAX LAW FIRM

Punjab TAX LAW FIRM Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Punjab TAX LAW FIRM, Lawyer & Law Firm, GIRLS COLLEGE Road, Chakwal.

01/06/2016

Unregistered persons: WHT rate may be raised to 17 percent:

In a move to ensuring withholding of sales tax, the government on the recommendation of the Federal Board of Revenue (FBR), is going to impose penalty if no sales tax is withheld, in coming budget 2016-17. It has been proposed that the FBR has no provision to impose penalty on those registered persons, who fail to withhold sales tax wherever it is necessary. Therefore, the government on the strong recommendation of the FBR is all set to make necessary amendment to section 33 of Sales Tax Act 1990 to impose penalty for non-withholding of sales tax.

01/06/2016

Filers, non-filers in salaried class: different tax slabs to be introduced:
The government is planning to introduce different tax slabs for filers and non-filers in salaried class to increase tax rate by 15 percent for each slab for non-filers in the upcoming federal budget (2016-17).

01/06/2016

Undeclared supplies: Finance Bill will amend tax laws to disallow input tax credit:
The Finance Bill 2016 will amend tax laws to disallow input tax credit on undeclared supplies to control the use of fake and false claims of input tax credit, causing huge loss to the national exchequer.

31/05/2016

FED, ST to be increased on cement, steel, sugar and poultry:
The government would announce 17 percent sales tax on mineral water, a new Federal Excise Duty (FED) regime on ci******es, Rs 1/kg FED on cement, 8 percent sales tax on sugar, 10 percent sales tax on poultry ingredients, enhanced sales tax on steel sector, new sales tax regime on marble industry (electricity consumption basis), 11.5 percent FED on beverages and 23 years exemption from sales tax and Federal Excise Duty to businesses for Gwadar Free Zone, 40 years sales tax/FED exemption on materials/equipment, ship bunker oils for ships in Gwadar Port and '' No Tax No Refund regime'' for textile, leather, surgical, carpets and sports sectors in budget (2016-17).

25/05/2016

Sales Tax on Mineral Water.

The government is likely to charge sales tax on supply of mineral water, taking into account the printed retail price, in the upcoming budget (2016-17).
If bottled water is included in the Third Schedule to the Sales Tax Act, 1990, it would restrict over 110 licensed bottled water companies to pay sales tax on the basis of printed retail price.

20/05/2016

Budget 2016-17: rate of FED on above 2700cc cars may be doubled

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GIRLS COLLEGE Road
Chakwal
48800

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+923216470543

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