ISLAMABAD (January 20 2006): The Central Board of Revenue (CBR) has allowed the registered units of Large Taxpayers Unit (LTU), Karachi/Lahore and public/private limited companies to file their sales tax and federal excise returns manually without imposition of any fine/penalty and default surcharge for late filing of returns for the “tax period of November and December 2005” by January 31.
This time-bound concession is available for those people, who were unable to obtain digital signatures from the National Institutional Facilitation Technologies (Pvt) Limited, Karachi.
The CBR has issued sales tax circular number 1 of 2006 here on Thursday to notify relief for the business community.
It has been reported to the CBR that a large number of taxpayers, who were required to file electronic sales tax and excise returns for the tax periods November and December 2005, could not file their returns as their applications for issuance of digital certificate are still pending with the Nift.
In view of the genuine hardships of such taxpayers the CBR has allowed those registered people who were required to file electronic returns under SROs 1184(I)/2005 and 1185(I)/2005 for the tax period November and December 2005 by January 16, 2006, but could not file the same due to non-issuance of digital certificate by Nift, to file their returns electronically or manually by January 31, without imposition of fine/penalty and default surcharge.