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Federal Cabinet exempts from 2pc extra sales tax on lubricant supply

byCT Report
27/12/2017
in Business
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ISLAMABAD: The Federal Cabinet has approved exemption the levy of two percent extra sales taxes on supply of lubricants.

The federal cabinet, chaired by Prime Minister Shahid Khaqan Abbasi, approved amendments to Sales Tax Special Procedure Rules, 2007 and allowed exclusion from extra tax chargeable under Rule 58T of Sales Tax Special Procedure Rules 2007 on supply of lubricants to and by lubricating oil marketing companies registered with OGRA to registered manufacturers for in-house consumption.

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The federal cabinet also allowed exploration and production companies serving as operators in a petroleum concession area to transfer proportionate input tax to other working interest owners.

The meeting ratified minutes of the meetings of Economic Coordination Committee held on 01 November 2017, 13 November and 28th November 2017.

Minutes of the meetings of Cabinet Committee on CPEC held on 09 November 2017 and 17 November 2017 were also ratified by the Cabinet.

The Cabinet accorded permission, in principle, to sign the revised Memorandum of Understanding between the Ministry of Overseas Pakistanis and Human Resource Development of the Islamic Republic of Pakistan and the Ministry of Employment and Labor of the Republic of Korea on sending and receiving of workers under the Employment Permit System.

The meeting approved amendment in the Schedule of FIA Act, 1974. The amendment aims at bringing the offences of blasphemy and pornography in the ambit of Prevention of Electronic Crime Act, 2016.

Observing that the directives issued to PEMRA to off-air and later on-air transmission of Private TV Channels on 25 Nov 2017 and 26 Nov 2017, respectively, as policy directives of the Federal government, the meeting accorded ex-post facto approval to the two directives.

The Federal Cabinet granted ex-post facto approval to the appointment of Muhammad Arshad Khan Jadoon as Chairman Implementation Tribunal for Newspaper Employees (ITNE) and also approved granting of MP-1 scale for him.

The appointment has been made for two years. The Cabinet approved appointment of Qurban Ali Khan as Member Technical in Customs Appellate Tribunal (CAT) Peshawar, Saud Imran Ahmed in CAT Bench-I Lahore and Dr. Zulfiqar Ahmed Malik in CAT Bench-I Karachi.

Resignation of Ali Suleman Habib, as Director from PIACL Board, was approved. The Cabinet approved appointment of Rear Admiral Zaka-ur-Rehman, SI (M) as Director General Pakistan Maritime Security Agency (PMSA).

Amendment in the Guidelines of Prime Minister’s Global SDGs Achievement Programme was also approved.

The meeting also granted ex-post facto approval to the formation of National Implementation Committee on FATA Reforms.

Minister for Defence and Corp Commander 11 Corp have been included in the high level implementation committee.

The Cabinet approved Medical Devices Rules, 2017 in lieu of Rules, 2015. Hajj Policy and Plan, 2018 was also presented before the Federal Cabinet. While deciding not to increase Hajj dues this year under the Government Hajj Scheme, the Federal Cabinet approved the Policy, in principal, with certain amendments.

Minister for Religious Affairs would hold Press Briefing to highlight salient features of the Hajj Policy 2018.

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