ایف بی آر کی پریس ریلیز

EXPLANATORY NOTES FOR SRO 840(I)/2008

Federal Board of Revenue has issued Notification (Sales Tax) / S.R.O. 840 (1)/2008 dated 13th August, 2008 which amends Sales Tax Rules, 2006, with following objectives:

(i) To provide that where an e-intermediary, filing return on behalf of his clients, has retained a printed copy of the return electronically transmitted by him duly signed by the representative of the registered person, he shall be deemed to have transmitted the return in good faith and the provisions relating to fiscal and other liability of e-intermediary under sub-section (5) of section 52A of the Sales Tax Act, 1990, shall not be applicable.

(ii) New format of payment challans for sales tax and federal excise has been prescribed.