- The Federal Board of Revenue (FBR) has released guidelines for the collection of extra sales tax on electricity and natural gas from industrial and commercial connections.
- The new regulations apply to individuals with industrial or commercial connections.
- Suppliers of electric power or natural gas must charge and collect extra tax from consumers whose monthly bill exceeds rupees fifteen thousand and who are not on the Active Taxpayer List.
- The extra tax amount must be displayed separately on the bill or invoice.
- Suppliers are responsible for collecting and paying the extra tax amount.
- The extra tax collected is not adjustable and must be paid in full to the Treasury.
- Suppliers must verify consumers’ sales tax registration number and confirm their active taxpayer status.
- Consumers with multiple places of business must declare all locations and include the sales tax registration number on subsequent bills.
- Extra tax collection ceases for taxpayers on the Active Taxpayer List.
- Suppliers resume charging and collecting extra tax from consumers who are de-registered or no longer on the Active Taxpayer List.
- The rules aim to streamline the tax collection process and ensure compliance with regulations.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
