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ST adjustment rules for fertilisers notified

ST adjustment rules for fertilisers notified

ISLAMABAD: The Federal Board of Revenue (FBR) has notified new rules for adjustments of sales tax on fertilisers.

According to a notification on Thursday, the manufacturers and importers of fertilisers are allowed to adjust sales tax against the subsidy announced by the government as part of the ‘Kissan Package’. Meanwhile, FBR has established a fertiliser cell to process adjustment claims under notified rules.

The manufacturers and importers will provide invoice-wise details of the subsidised fertilisers sold and the cell will determine the amount to be adjusted against sales tax and also the balance amount payable by the State Bank.

Published in Dawn, December 4th, 2015

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