Tag: #TaxReturns
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Three Years Jail Time on Sales Tax Registration Failure
A person who makes taxable supplies but fails to get sales tax registration shall be liable to pay fine and penalties besides the person is also liable to imprisonment up to three years.d Under Sales Tax Act, 1990, any person who is required to apply for registration under the Act fails to make an…
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FBR launches tax returns for small retailers in regional languages
ISLAMABAD, Sep 29 (APP): The Federal Board of Revenue (FBR) has launched Income Tax Returns in regional languages to facilitate small retailers. The returns have been launched in Punjabi, Sindhi, Balochi and Pashto languages in line with the vision of the Prime Minister and directions of Advisor to PM on Finance and Revenue, said an…