WhatsApp Logo Subscribe
For News Alert

News

Big relief for textile industry: FBR allows sales tax input adjustments on over 700 items

By News Desk

August 11, 2024 02:01 PM


Twitter Share Facebook Share WhatsApp Share


The Federal Board of Revenue (FBR) has allowed sales tax input adjustments on more than 700 additional items used in manufacturing to support the textile industry in the country. 

According to the 24NewsHD TV channel, previously, input adjustment was not permitted on these raw materials. 

Now, industrialists can claim refunds or adjustments on the paid sales tax, which will be returned to them. 

The FBR sources said this initiative aims to reduce production costs for textile manufacturers.

Reporter: Mian Umair


News Desk


Most Read

  1. Two girls, boy die after drinking toxic alcohol at Islamabad dance party Two girls, boy die after drinking toxic alcohol at Islamabad dance party
  2. Powerful earthquake jolts Islamabad, Punjab, KP cities Powerful earthquake jolts Islamabad, Punjab, KP cities
  3. England unveil squad for Test series against Pakistan England unveil squad for Test series against Pakistan
  4. Several outgoing flights at Karachi airport cancelled again Several outgoing flights at Karachi airport cancelled again
  5. Pakistan’s Chief Veterinary Officer Dr Akram shot, injured in Islamabad attack Pakistan’s Chief Veterinary Officer Dr Akram shot, injured in Islamabad attack
  6. Air Arabia plane makes emergency landing at Karachi Airport Air Arabia plane makes emergency landing at Karachi Airport