Change in rates of Sales Tax on Petroleum Products
SRO 1072(I)/2021 is a Sales Tax SRO dated 26 August 2021, listed by FBR as "Change in rates of Sales Tax 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 26th August, 2021.
NOTIFICATION
(SALES TAX)
S.R.O. 1072(I)/2021.- In exercise of the powers conferred by clause (b) of sub-section (2) 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 16th August, 2021, in its Notification No. S.R.O. 57(I)/2016, dated the 29th January, 2016, 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. | MS (Petrol) | 2710.1210 | 10.54% ad valorem |
| 2. | High speed diesel oil | 2710.1931 | 17.00% ad valorem |
| 3. | Kerosene | 2710.1911 | 6.70% ad valorem |
| 4. | Light diesel oil | 2710.1921 | 0.20% ad valorem |
[C. NO. 1/42-STB/2012)]
(Ch. Muhammad Tarique)
Additional Secretary
Related Sales Tax SROs on sales tax schedules and rates
- SRO 1225(I)/202118 September 2021Change in rate of Sales Tax on petroleum products
- SRO 1222(I)/2021 & 1223(I)/202117 September 2021Enhancement of extra rate of tax and exclusion from purview of further tax to Steel and Edible Oil sectors
- SRO 1027(I)/202116 August 2021Fixation of ex-mill value of white crystalline sugar
- SRO 989(I)/20215 August 2021Suspension of applicability of S.No. 50 of Third Schedule to the Sales Tax Act, 1990 w.e.f. 01-07-2021 to 30-11-2021
- SRO 984(I)/20214 August 2021Imposition of Withholding Tax on online market place under eleventh schedule to the Sales Tax Act, 1990
- SRO 985(I)/20214 August 2021Fixation of value of steel in respect of locally produced goods