- Standard rate of Sindh sales tax increased from 13% to 15%
- Notifications issued for levy of tax at reduced rates in certain cases
- Exemption thresholds provided for medical practitioners, consultants, education services, hospitals, and clinics
- Scope of various definitions enhanced/clarified
- New definitions introduced for levy of Sindh sales tax
- Value of taxable service to include gross amount charged by service provider
- Time limitation for Show Cause Notice reduced from 8 years to 5 years
- Records to be maintained by registered persons providing taxable services
- Time limitation for retention of records reduced from 10 years to 6 years
- Time limitation for service of notice for recovery of tax reduced from 8 years to 5 years
- Power of Commissioner (Appeals) enhanced to allow stay of demand up to 180 days
- Amount of required payment for automatic stay reduced from 25% to 10%
- SRB empowered to make agreements for sharing electronic data of tax returns
Source: assets.kpmg.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.
