Sales tax on light diesel oil would remain at zero percent under the notification. Following is the text of the SRO issued here on Tuesday: S.R.O. 125(1)/2017.- In exercise of the powers conferred by clause (b) of subsection (2) and sub-section (6) of section 3 of the Sales Tax Act, 1990, the Federal Government is pleased to direct that the following further amendment shall be made from the 1st March, 2017, in its Notification No S.R.O. 57(1)/2016, dated the 29th January, 2016, namely: In the aforesaid Notification, for the existing Table, the following shall be substituted, namely:
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S.No Description PCT heading Rate
(1) (2) (3) (4)
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1. Motor spirit excluding HOBC 2710.1210 15.5% Ad valorem
2. Kerosene 2710.1911 0% Ad valorem
3. High speed diesel oil 2710.1931 30.0% Ad valorem
4. Light diesel oil 2710.1921 0% Ad valorem"
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Copyright Business Recorder, 2017