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FBR announces zero rate sales tax on electricity supply to three textile units

FBR announces zero rate sales tax on electricity supply to three textile units

ISLAMABAD: Federal Board of Revenue (FBR) announced zero rate sales tax on electricity supply to three textile units, sources told Customs Today.

Official sources said that the board has issued different Sales Tax General Orders (STGOs) which allowed sales tax zero rate on supply of electricity to textile units including M/s Farhan Weaving Factory under jurisdiction of Regional Tax Office (RTO) Faisalabad, M/s Bazor Weaving Industry under jurisdiction of Corporate RTO Karachi and M/s GM Industry under jurisdiction of RTO Gujranwala. The FBR directed chief commissioners of Inland Revenue of respective RTOs to coordinate with electricity providing companies regarding the implementation of sales tax zero rating, sources confirmed.

Meanwhile, the FBR asked Faisalabad Electric Supply Company, K-Electric and Gujranwala Electricity Supply Company to implement zero rating of sales tax on the supply of electricity to notified companies.