- Sales tax registered persons required to e-file returns during tax year 2024
- Federal Board of Revenue (FBR) in Pakistan mandates electronic filing (e-filing) to modernize tax administration
- Directive outlined in updated Sales Tax Rules, 2006 under Rule 18
- Electronic filing of sales tax return required, failure to fill in relevant data renders return invalid
- Importance of displaying and quoting National Tax Number (NTN) emphasized
- Timely submission of data required by 10th day of the month following the end of the tax period
- Automated system notifications inform registered persons of suppliers’ filings for timely reporting
- Provisional adjustments allowed for input tax credit, output tax, and Credit Note issues
- Input tax credit and reduction of output tax allowed through specific columns in next return
- Reporting disallowed credits and advising registered persons to rectify issues
- Payment of due tax must be made in designated branches of National Bank of Pakistan using prescribed payment challan or electronic payment system
- Deadline compliance required for tax deposit
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
