Change in Sales Tax rates on Petroleum Products
SRO 1011(I)/2016 is a Sales Tax SRO dated 31 October 2016, listed by FBR as "Change in Sales Tax rates on Petroleum Products".
FBR publishes this SRO as scanned images, so the text below was transcribed by Qanoon Digest from the page images, with tables set out as tables. Check the official PDF before relying on any wording or figure.
Page 1
GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE, ECONOMIC AFFAIRS,
STATISTICS AND REVENUE
(REVENUE DIVISION)
Islamabad, the 31st October, 2016.
NOTIFICATION
(SALES TAX)
S.R.O. 1011(I)/2016. - In exercise of the powers conferred by clause (b) of sub-section (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 November, 2016, in its Notification No. S.R.O. 57(I)/2016, dated the 29th January, 2015, namely:-
In the aforesaid Notification, for the existing Table, the following shall be substituted, namely:-
"TABLE
| S. No. | Description | PCT heading | Rate |
|---|---|---|---|
| (1) | (2) | (3) | (4) |
| 1. | Motor spirit excluding HOBC | 2710.1210 | 16.5% ad valorem |
| 2. | HOBC | 2710.1210 | 17% ad valorem |
| 3. | Kerosene | 2710.1911 | 2% ad valorem |
| 4. | High speed diesel oil | 2710.1931 | 33% ad valorem |
| 5. | Light diesel oil | 2710.1921 | 2% ad valorem.". |
[C.NO. 1/42-STB/2012)]
(Rehmatullah Khan Wazir)
Additional Secretary
Related Sales Tax SROs on sales tax schedules and rates
- SRO 21(I)/201715 January 2017Change in Sales Tax rates on Petroleum Products
- SRO 1180(I)/201631 December 2016Change in Sales Tax rates on Petroleum Products
- SRO 1127(I)/201630 November 2016Change in Sales Tax rates on Petroleum Products
- SRO 812(I)/20162 September 2016Fixation of the value of White Crystalline Sugar
- SRO 806(I)/201631 August 2016Change in Rate of Sales Tax on petroleum products with effect from 1st September, 2016
- SRO 500(I)201630 July 2016Rate of Sales Tax on petroleum products with effect from 1st August, 2016