FinanceNews

Input tax adjustment on power bills allowed

ISLAMABAD (June 20 2003) : Extending a major relief to the registered consumers of electricity, the Central Board of Revenue (CBR) has allowed input tax adjustment against such power bills on which name and registration number is not printed.

This is subject to the condition that such electricity bills where registration number is written in hand, be verified/attested by an SDO/Revenue officer of Wapda or zonal controller billing officer of KESC under his stamp and verification.

The CBR has amended Special Procedure for Collection and Payment of Sales Tax (Electric Power) Rules 2000 through an SRO 529(I)/2003.

When contacted, a senior tax official told Business Recorder here on Thursday that it is a concession given to the registered consumers of electricity, who did not mention name and registration number on the bills in the printed form.

In this regard, rule 7 of the Special Procedure for Collection and Payment of Sales Tax (Electric Power) Rules 2000 pertaining to input tax adjustment has been amended, he added.

The amendment in the electric power rules 2000 reads as follows: Provided that the registered consumers would be entitled to claim input tax adjustment against electricity bills wherein the registration number is written in hand and duly verified or attested by an SDO or Revenue Officer of Wapda, in charge of the respective sub-division or as the case may be a zonal controller billing officer of KESC, under his stamp and verification file number with date.

Related Articles

Back to top button