Home »Top Stories » Non-integration with online system: 9 percent GST to be charged on textile supplies

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  • Aug 11th, 2018
  • Comments Off on Non-integration with online system: 9 percent GST to be charged on textile supplies
The Federal Board of Revenue (FBR) will charge 9 percent sales tax (instead of 6 percent) on supplies of textile units, which will refuse to integrate with the FBR''s online system by the deadline of August 15, 2018. The FBR has issued instructions to All Pakistan Textile Mills Association (APTMA) and Pakistan Retail Business Council Friday.

According to the FBR''s instructions, in view of the stipulations contained under condition (xv) of the SRO 1125(1)/2011, dated 31.12.2011 amended vide SRO 777(1)/2018, dated 21.06.2018, all those registered units falling under S. No.1 (vii) and S. No.3 of Table-2 of SRO 1125(1)/2011 shall be charged sales tax @ 6% if they have tendered their consent for integration to the Board by August 15, 2018.

If the registered persons who have tendered such consent and fail to integrate with the FBR online system as per mode and manner prescribed by the Board, they shall be liable to pay sales tax @ 9% with effect from July 1, 2018, FBR added.

In budget (2018-19), a new condition (xv) has been inserted to provide rate of sales tax @ 6% instead of 9% on supplies covered under sub-serial (vii) of S. No.1 and S.No.3 of Table-2 for those registered persons who are integrated with FBR online system and data is transmitted to FBR Central database in near real time from such date, mode and manner as to be prescribed by the Board.

Copyright Business Recorder, 2018


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