August 17, 2007	Friday	Sha’aban 3, 1428

ISLAMABAD, Aug 16: The Federal Board of Revenue (FBR) has asked all steel melters and steel re-rollers to deposit sales tax through electricity bills or sales tax returns by August 28.

The directive came from the FBR following reports that the electricity units consumed had not been reflected in the electricity bills issued for the billing month of July 2007 by the electric supply companies in certain cases.

An official announcement issued here on Thursday emphasized that all steel melters and steel re-rollers were liable to deposit the due amount of sales tax within the scheduled time positively otherwise the defaulters shall be liable to payment of additional tax and penalty.

The sales tax leviable on the basis of electricity units consumed by steel melters and re-rollers at the rate of Rs4.75 per electricity unit.

In all such cases, the FBR had already directed that the concerned steel melters, re-rollers individually as well as through the concerned associations were required to deposit the due sales tax payable through sales tax returns on the basis of electricity units consumed for the tax period of July, 2007.