- Karachi Tax Bar Association (KTBA) demands swift changes to sales tax advance rules
- Concerns raised about complications faced by taxpayers after recent legislative changes
- Issues highlighted with reintroduction of sales tax on advances and lack of updates to tax management software
- Complications outlined with new Rule 160, including restrictions on credit notes, unregistered buyers, multiple products, and delayed supplies
- KTBA emphasizes need for modifications to align IRIS system with Sales Tax Rules, 2006
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.
