PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION

37-H, BLOCK-6 P.E.C.H.S., KARACHI-PAKISTAN

TEL: 0092-21-34522769, 34522685, 34544765 FAX: 0092-21-34543774

E-MAIL: info@phmaonline.com   URL www.phmaonline.com

Ref. No. PHMA/Cir-026/2014

Dated: 27^th March, 2014

TO ALL MEMBERS OF THE ASSOCIATION

INPUT TAX ADJUSTMENT ALLOWED AGAINST PROVINCIAL LAWS.

We are attaching herewith Federal Board of Revenue (FBR) Notification Ref. No. S.R.O.___(I)/2014 dated 26^th March, 2014 on the subject for your information.

In which Federal Government declares the tax levied on services under the Provincial Laws to be “Provincial Sales Tax” for the purpose of input tax credit / adjustment with effective from 01.07.2013.

Thanks & Best Regards,

Yunus Bin Aiyoob

Secretary General