ISLAMABAD: Federal Board of Revenue (FBR) has allowed zero-rating sales tax facility to seven textile units on consumption of electricity for manufacturing of export goods.
The FBR has allowed the sales tax zero rating under SRO 1125(I)/2011, which has been issued with aim to reduce the cost of doing business and making Pakistan goods competitive in the international market.
The following textile units (and place of registration) have been allowed zero-rated on purchase of electricity: Younas Nawaz Textile, Regional Tax Office (RTO) Faisalabad; Ayesha Spinning Industries, RTO Gujranwala; Lyallpur Textile, RTO Faisalabad; M. H. Lace Works, Large Taxpayers Unit (LTU) Karachi; Crescent Cotton Mills Limited, LTU Lahore; Pelle Classics, RTO-III, Karachi and Al-Barkat Tex Weaving, RTO Faisalabad.
The FBR issued seven different Sales Tax General Orders (STGOs) for allowing sales tax zero rating on consumption of electricity by these textile units.
