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Rs5000/metric tonne: FBR grants input adjustment on coal supply

Rs5000/metric tonne: FBR grants input adjustment on coal supply

ISLAMABAD: Federal Board of Revenue (FBR) has granted input adjustment on supply of coal in case the supply is made by registered persons and value of supply exceeded Rs5000/metric tonne.

The FBR issued SRO 592(I)/2017 to amend SRO 549(I)/2006 stating that input adjustment restriction shall not apply to registered persons making taxable supply of locally produced coal where value of supply exceeds five thousand rupees per metric tonne.

Previously, the FBR restrained the registered persons from claiming input adjustment making taxable supply of locally produced coal.