Change in sales tax rates on petroleum products effective from 1st September, 2017
SRO 867(I)/2017 is a Sales Tax SRO dated 31 August 2017, listed by FBR as "Change in sales tax rates on petroleum products effective from 1st September, 2017".
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 31st August, 2017.
NOTIFICATION
(SALES TAX)
S.R.O. 867(I)/2017.- 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 is pleased to direct that the following further amendment shall be made from the 1st September, 2017, 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 | 17.0% ad valorem |
| 2. | High speed diesel oil | 2710.1931 | 30.0% ad valorem |
| 3. | Kerosene | 2710.1911 | 0% ad valorem |
| 4. | Light diesel oil | 2710.1921 | 0% ad valorem.". |
[C. NO. 1/42-STB/2012)]
(Muhammad Zaheer Qureshi)
Secretary (ST&FE-Budget)
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