ISLAMABAD: Federal Board of Revenue (FBR) has approved concessionary regime on supply of electricity and gas to manufacturing units.
A notification issued on Wednesday stated that the concession would be available to manufacturers/exporters who were availing zero- rating of sales tax under rescinded SRO 1125(I)/2011 dated December 31, 2011.
The FBR gave approval in compliance with decision of the Economic Coordination Committee (ECC) dated December 02, 2020.
The FBR said that it had no objection to allowing concessionary rate on supply of electricity / gas to 4,084 taxpayers, who were availing zero-rating of sales tax on supply of the utilities under rescinded SRO 1125(I)/2011 and their particulars existed in various Sales Tax General Orders (STGOs) issued in this regard till June 30, 2019. Further, these taxpayers should also appear in current ATL, the FBR added.
The FBR said it shares a monthly ATL list with Distribution Companies / Gas Companies every month. Therefore, the utility companies should ensure that concessionary utility tariff is accorded to only those manufacturers/ taxpayers that appear on the ATL while generating monthly electricity / gas bills, the FBR added.
