WhatsApp Logo Subscribe
For News Alert

News

Big relief for textile industry: FBR allows sales tax input adjustments on over 700 items

By News Desk

August 11, 2024 02:01 PM


Twitter Share Facebook Share WhatsApp Share


The Federal Board of Revenue (FBR) has allowed sales tax input adjustments on more than 700 additional items used in manufacturing to support the textile industry in the country. 

According to the 24NewsHD TV channel, previously, input adjustment was not permitted on these raw materials. 

Now, industrialists can claim refunds or adjustments on the paid sales tax, which will be returned to them. 

The FBR sources said this initiative aims to reduce production costs for textile manufacturers.

Reporter: Mian Umair


News Desk


Most Read

  1. Violent protests erupt at Lahore's Punjab Group of Colleges over girl's rape Violent protests erupt at Lahore's Punjab Group of Colleges over girl's rape
  2. Scores of LCWU students protest harassment by clerk Scores of LCWU students protest harassment by clerk
  3. Female student of Punjab University commits suicide Female student of Punjab University commits suicide
  4. ‘Madhubala’ to be shifted to Karachi Safari Park on Nov 26 ‘Madhubala’ to be shifted to Karachi Safari Park on Nov 26
  5. World Anatomy Day celebrated at Fatima Jinnah Medical University World Anatomy Day celebrated at Fatima Jinnah Medical University
  6. Karan Johar's sharp response guels ongoing fued between Alia Bhatt and Divya Khosla Karan Johar's sharp response guels ongoing fued between Alia Bhatt and Divya Khosla