Change in sales tax rates on petroleum products wef 5th May 2019
SRO 507(I)/2019 is a Sales Tax SRO dated 4 May 2019, listed by FBR as "Change in sales tax rates on petroleum products wef 5th May 2019".
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
REVENUE DIVISION
GOVERNMENT OF PAKISTAN
(REVENUE DIVISION)
FEDERAL BOARD OF REVENUE
Islamabad, the 4th May, 2019.
NOTIFICATION
(SALES TAX)
S.R.O. 507 (I)/2019.- 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 5th May, 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. | Motor spirit excluding HOBC | 2710.1210 | 12.0% ad valorem |
| 2. | High speed diesel oil | 2710.1931 | 17.0% ad valorem |
| 3. | Kerosene | 2710.1911 | 17.0% ad valorem |
| 4. | Light diesel oil | 2710.1921 | 17.0% ad valorem.". |
[C. NO. 1/42-STB/2012)]
(Seema Shakil)
Additional Secretary
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