ISLAMABAD: Federal Board of Revenue (FBR) has granted sales tax zero-rating on supply of gas and electricity to Five Star Textile Industries (Pvt) Ltd.
The FBR, exercising powers conferred by clause (d) of section 4 of the Sales Tax Act, 1990, read with SRO 1125(1)/2011 dated 31.12.2011, made amendments in its Sales Tax General Order No 17 of 2007 dated September 13, 2007 for giving zero-rating facility on gas and electricity.
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The board has advised the gas and electricity companies to stop charging sales tax on the use of electricity and gas of Five Star Textile Industries (Pvt) Ltd.
