Rs 150 Billion ST Relief on Crude, Edible Oil Imports: SRO Withdrawal Plan No Great Help
15/02/2014 (Business Recorder) - The withdrawal of two major Statutory Regulatory Orders (SROs) granting sales tax exemption on the import of crude oil and edible oil to the tune of Rs 150 billion per annum would not contribute to improving the revenue collection. Sources told Business Recorder on Friday that a SRO of the FBR has granted sales tax zero-rating on the import of crude oil having revenue impact of Rs 90 billion per annum.
