VATupdate

Share this post on

Amendments to Sales Tax Rules, 2006 effective from October 1, 2024 by Federal Board of Revenue

  • S.R.O. 1507 (1)/2024 announces further amendments to the Sales Tax Rules, 2006
  • Amendments include omitting clauses in rule 26 and 28, changing criteria for Sales Tax Automated Refund Repository (STARR), and refund process for goods supplied at zero-rate
  • Refund process for exporters of five sectors (textile, carpets, leather, sports goods, surgical instruments) is specified
  • Refunds for commercial exporters require export proceeds realization certificate or bank credit advice
  • Some refund claims may be processed through STARR as directed by the Board

Source: download1.fbr.gov.pk

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.

Sponsors:

Advertisements: