FBR Introduces Online Facility for Steel Sector to Report Electricity Consumption
The Federal Board of Revenue (FBR) has introduced a new online mechanism to help steel manufacturers report their electricity consumption for sales tax purposes when power distribution companies fail to provide the required data on time. The facility is particularly relevant to steel melters, re-rollers and composite units, which are required to declare electricity consumption through Annex-K of […]
FBR Revises Sales Tax Rates for Steel Units in Former FATA and PATA
The Federal Board of Revenue (FBR) has introduced revised electricity-based sales tax rates for steel manufacturing units operating in the former Federally Administered Tribal Areas (FATA) and Provincially Administered Tribal Areas (PATA). The changes are aimed at maintaining the special tax treatment available to eligible steel businesses in these areas while setting different rates according […]