Change in Rate of Sales Tax on Petroleum Products
SRO 1450(I)/2021 is a Sales Tax SRO dated 11 November 2021, listed by FBR as "CHANGE IN RATE 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 and Revenue
(Revenue Division)
Islamabad, the 11th November, 2021.
Notification
(Sales Tax)
S.R.O. 1450(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 5th November, 2021, in its Notification No. S.R.O. 57(I)/2016, dated the 29th January, 2016, namely:-
2. 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 | 1.43% ad valorem |
| 2. | High speed diesel oil | 2710.1931 | 6.75% 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)]
(Afaque Ahmed Qureshi)
Additional Secretary
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