Clarification issued by FBR regarding CNIC requirement for sale above Rs 50,000 | Introduced through Finance Act 2019 | Global Tax Consultants %Top Tax Consultants In Lahore Pakistan

Clarification issued by FBR regarding CNIC requirement for sale above Rs 50,000 | Introduced through Finance Act 2019 ||
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– Ammendment has been made through the section 23 of the sales tax act 1990 and not in any other law,

– this provision is only applicable on those who are registered in sales tax,

– buyer does not need to be registered with sales tax,

– above condition of issuance of sales tax invoice will not apply on buyer having purchase below Rs 50,000 and purchase is own non business use by the end consumer.

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