- Amendments are made to the Sales Tax Rules 2006 by the Federal Board of Revenue.
- Rule 11 is updated to require online application for de-registration.
- The time frame for certain actions is changed from ninety to sixty days.
- Registered persons are restricted from filing certain annexes and returns after online application submission.
- No input tax adjustment or refund is allowed during de-registration.
- Rule 12 updates include changes in terminology from LTUs to LTOs.
- Specific expressions are substituted for clarity in tax fraud and non-existence.
- Refusal to allow access to business premises or furnish records is addressed.
- Activity exceeding five times the sum of capital and liabilities is noted.
Source: download1.fbr.gov.pk
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.
