FBR has issued a Fresh List of Sectors allowed for Input Adjustment. The FBR issued SRO 1190(I)/2019 on Thursday in suppression of its previous SRO 647(I)/2007 datedJune 27, 2007
– Persons registered in Electrical Energy Sector
– Oil Marketing Companies and Petroleum Refineries
– Fertilizers Manufacturers
– Persons making Zero-rated Supplies, including Exports, provided that value of such Supplies exceeds 50% of value of all Taxable Supplies in a Tax Period- Distributors
– Gas Distribution Companies
– Telecommunication Services
– Pakistan Steel, Bin Qasim, Karachi
– Registered persons other than Manufacturers, making Supplies of Items covered under the Third Schedule to the Sales Tax Act, 1990, on which Sales Tax has been paid by the Manufacturer or Importer on Retail Price, provided that Value of such Supplies exceeds 80% of value of all Taxable Supplies in a Tax Period
– Commercial Importers where value of Import subject to 3% Value Addition as prescribed in Twelfth Schedule to the Act exceeds 50% of value of all Taxable Purchases, including Imports, in a Tax Period.