ISLAMABAD, March 6: The government has allowed refund of excess input tax to the independent power producers (IPPs).
The decision was taken through a sales tax notification SRO 204 of 2008 by amending the SRO 1202 of 2007.
The amendment provides for refund of excess input tax to the IPPs for the tax period from July to December 2007. Through the amendment, the scope of SRO has also been extended to the tax period March 2008.
Moreover, the date for filing the claim has been extended from January 31 to April 30.
