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Sales Tax Special Procedure (Withholding) Rules, 2007. ... (Withholding) Rules, 2007; Sr.No Title 1 Sales Tax Special Procedure (Withholding) Rules, 2007 (amended up to 30th June 2015) 2 THE SALES TAX SPECIAL PROCEDURE (WITHHOLDING) RULES, 2007 UPDATED UPTO 05.08.2014 ... Federal Board of Revenue Govt of Pakistan.
Sales Tax Special Procedure (Withholding) Rules, 2007 (a) the Drawing and Disbursing Officer (DDO) preparing the bill for the accounting office shall indicate the amount of sales tax withheld as prescribed above. The accounting office shall adopt the procedure as indicated below:
Federal Board of Revenue (FBR) administers the taxes imposed / levied by the Federal Government. The duties and taxes deducted, collected and required to be paid under relevant provisions of the respective laws are deposited in the State Bank of Pakistan and in authorized branches of National Bank of Pakistan. Payment / deposit procedure
The notification amends the Sales Tax Special Procedure (Withholding) Rules, 2007, with the following effects: (i) Now the amount deducted by the Government departments shall be transferred to sales tax head through book adjustment.
Withholding is an act of deduction or collection of tax at source, which has generally been in the nature of an advance tax payment. It is an effective mechanism and important/timely source of revenue. Their contribution is about 41 percent of total direct tax revenues.
28 Carry Forward Available for the purpose of refund = (26 - 27) 29 Refund Claimed (Provide Stock Statement as Annex-H now, or file it later as per rules) 30 Credit to be carried forward [if 28 > 29, then [(28 - 29) + 27]; otherwise 27] 31 Federal Excise Duty (FED) Drawback Annex-E.
THE SALES TAX SPECIAL PROCEDURE (WITHHOLDING) RULES, 2007 UPDATED UPTO 05.08.2014. FBR -Federal Board of Revenue is the Revenue Division of Government of Pakistan tasked with collecting taxes & duties and administrating relevant legislation.
