RECORDER REPORT

ISLAMABAD: The Federal Board of Revenue (FBR) will charge 17 percent sales tax on motor spirit from January 01, 2018.

The FBR has issued SRO 1331(I)/2017 here on Monday.

Sales tax at the rate of 25.5 percent ad valorem would be charged on high speed diesel oil from January 01, 2018; 6 percent on kerosene oil and 6 percent sales tax would be charged on light diesel oil from January 01, 2018.

Following is the text of SRO 1331(I)/2017 issued here on Monday: In exercise of the powers conferred by clause (b) of subsection (2) and sub-section (6) of section 3 of the Sales Tax Act, 1990, the Board is pleased to direct that the following further amendment shall be made from January 01, 2018, in its notification # SRO 57(I)/2016, dated January29, 2016, namely:-

In the aforesaid notification, for the existing table, the following shall be substituted, namely:-

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S. No          Description               PCT heading              Rate


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(1)              (2)                        (3)                    (4)


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1.      Motor spirit excluding HOBC      2710.1210      17% ad valorem


2.      High speed diesel oil            2710.1931    25.5% ad valorem


3.      Kerosene                         2710.1911       6% ad valorem


4.      Light diesel oil                 2710.1921       6% ad valorem


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