Change in sales tax rates on petroleum products with effect from 1st May, 2018
SRO 560(I)/2018 is a Sales Tax SRO dated 30 April 2018, listed by FBR as "Change in sales tax rates on petroleum products with effect from 1st May, 2018".
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)
FEDERAL BOARD OF REVENUE
Islamabad, the 30th April, 2018.
NOTIFICATION
(SALES TAX)
S.R.O. 560(I)/2018.- 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 Board with the approval of Federal Minister-in-charge, is pleased to direct that the following further amendment shall be made from the 1st May, 2018, 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 | 15.0% ad valorem |
| 2. | High speed diesel oil | 2710.1931 | 27.5% ad valorem |
| 3. | Kerosene | 2710.1911 | 12.0% ad valorem |
| 4. | Light diesel oil | 2710.1921 | 11.5% ad valorem.". |
[C. NO. 1/42-STB/2012)]
(Muhammad Zaheer Qureshi)
Secretary (ST&FE-Budget)
Related Sales Tax SROs on sales tax schedules and rates
- SRO 850(I)/20187 July 2018Rationalization of sales tax rate on petroleum products
- SRO 830(I)/201830 June 2018Rationalization of rate of of sales tax on petroleum products
- SRO 776(I)/201821 June 2018Rate of 0% sales tax on import of 200,000 PMT Potato for the period 5.5,2014 to 31.07.2014
- SRO 663(I)/201831 May 2018Rationalization Of Rate Of Sales Tax On Petroleum Products
- SRO 414(I)/201831 March 2018Change in sales tax rates on petroleum products with effect from 1st April, 2018
- SRO 265(I)/201828 February 2018Change in sales tax rates on petroleum products with effect from 1st March, 2018