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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:
They apply to the Federal taxes administered by FBR, related stake holders, departments and the Banks etc. Tax deposit, for the purposes of this document, includes the following;
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.
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.
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.
Rules. Income Tax Rules, 2002; Customs Rules, 2001 (Updated Up to 30.06.2023) Sales Tax Rules 2006; Federal Excise Rules 2005; Benami Transactions (Prohibition) Rules, 2019; FBR AML/CFT Regulations; AML/CFT Sanction Rules, 2020; Counter-Measures for High Risk Jurisdiction Rules, 2020; Sharing of Declaration of Assets of Civil Servants Rules, 2023
