#sro-608

FBR, traders finalise recommendations to amend SRO 608

ISLAMABAD: A committee, comprising of the Federal Board of Revenue and traders representatives, has finalized the suggestions to amend the SRO 608. FBR Chairman Tariq Bajwa and members of committee Mian Abdul Mannan and Pervez Malik will soon meet Finance Minister Ishaq Dar to present the recommended amendments in SRO 608.

Member committee Mian Abdul Manan told Customs Todaythat the issue will be…

Traders want immediate removal of SRO-608

ISLAMABAD: The government has suggested the traders not to stress upon the removal of SRO-608 and asked them for proposals. “It is offered by the government that the proposals given by the traders will be the part of SRO. On the other hand, government is trying to break the unity between the traders and chambers. A meeting between Hamza Shahbaz and Rawalpindi Chambers President Asad Mashad was…

Traders protest against SRO-608

  LAHORE: Traders staged a protest demonstration against the imposition of SRO-608 and 16 percent services sales tax.

Customs Today learnt that various trader organisations held the protest and closed markets for three hours to show their reservations on the newly imposed taxes by the Federal Board of Revenue (FBR) and Punjab Revenue Authority (PRA).

Traders said that burden of taxes could be a…

FBR claims traders’ demand of withdrawal of SRO 608 not fair

KARACHI: The Federal Board of Revenue (FBR) says that the demand for withdrawal of amendments to SRO 608 by traders is not fair.

The sources of at the FBR Regional Tax Office says: “The FBR has decided to take action against such traders who are not paying taxes and are preventing others from doing so after the end of filing sales tax return date.”

Sources said, “The FBR intends to bring all the…

FBR spokesman Shahid Asad refuses to withdraw SRO-608

ISLAMABAD: The Federal Board of Revenue (FBR) spokesman and Inland Revenue Member Shahid Asad said that SRO-608 would not be withdrawn.

He said it has been shaped after deliberations with stakeholders.

“Retailers should take taxes as their national responsibility. Their behaviour is non-cooperative. This is not in the country’s favour.”

He suggested that a certificate should be issued for every…

Amendments to SRO-608 irk traders

KARACHI: All Karachi Tajir Ittehad Chairman Attique Mir has said the FBR has made amendments to SRO-608 for a ‘complete’ registration of taxpayers in the sales tax.

Talking to Customs Today, Mir said a plan has been finalised for the one-sided registration of traders with Rs 5 million income annually. He said that the traders were already concerned about extortion of money and power shortage. He…

Traders form committee on SRO-608  

ISLAMABAD: Owners of hotels, restaurants, departmental stores and retail businesses have formed a committee regarding SRO 608.

The committee will meet Finance Minister Ishaq Dar and discuss their reservations with him on Friday.

A meeting was held in this regard in the Islamabad Chamber of Commerce and Industry, but no office-bearer of the chamber showed up. Only those traders who have been…