Zaman Law Associates

Zaman Law Associates Zaman Law Associates

بنک آف پنجاب BOP کے تمام اسٹام پیپرز آن لائن کر دئے گئے ہیں۔500 مالیت، 1200 مالیت، 3000 مالیت کے تمام اسٹام کیلئے اب آپ...
22/03/2026

بنک آف پنجاب BOP کے تمام اسٹام پیپرز آن لائن کر دئے گئے ہیں۔

500 مالیت، 1200 مالیت، 3000 مالیت کے تمام اسٹام کیلئے اب آپ کو بینک جانے کی ضرورت نہیں

عیدالفطر مبارک !اللہ تعالیٰ آپ اور آپکے خاندان پر اپنی رحمتیں، کرم اور فضل فرمائےآمین
21/03/2026

عیدالفطر مبارک !

اللہ تعالیٰ آپ اور آپکے خاندان پر اپنی رحمتیں، کرم اور فضل فرمائے

آمین

13/03/2026

ISLAMABAD: Taking a major step to facilitate the corporate sector, the Federal Tax Ombudsman (FTO) has directed the...

*Important Update-Punjab Property Documentation*Punjab Government has *ended the traditional yellow stamp paper system.*...
09/03/2026

*Important Update-Punjab Property Documentation*

Punjab Government has *ended the traditional yellow stamp paper system.*

اب رجسٹری اور اسٹامپ پیپر *سفید پیج (Plain Paper)* پر کنورٹ کر دیے گئے ہیں۔

✔ Payment will be made *online through PSID*
✔ After payment, *stamp print can be taken on any paper*
✔ Digital verification will be part of the process*

🚨 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 𝐟𝐨𝐫 𝐒𝐚𝐥𝐞𝐬 𝐓𝐚𝐱𝐩𝐚𝐲𝐞𝐫𝐬𝐓𝐡𝐞 𝐅𝐞𝐝𝐞𝐫𝐚𝐥 𝐁𝐨𝐚𝐫𝐝 𝐨𝐟 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 (𝐅𝐁𝐑) 𝐡𝐚𝐬 𝐢𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐞𝐝 𝐚 𝐮𝐬𝐞𝐟𝐮𝐥 𝐟𝐚𝐜𝐢𝐥𝐢𝐭𝐲 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐨𝐧𝐭𝐡𝐥𝐲...
06/03/2026

🚨 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 𝐟𝐨𝐫 𝐒𝐚𝐥𝐞𝐬 𝐓𝐚𝐱𝐩𝐚𝐲𝐞𝐫𝐬

𝐓𝐡𝐞 𝐅𝐞𝐝𝐞𝐫𝐚𝐥 𝐁𝐨𝐚𝐫𝐝 𝐨𝐟 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 (𝐅𝐁𝐑) 𝐡𝐚𝐬 𝐢𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐞𝐝 𝐚 𝐮𝐬𝐞𝐟𝐮𝐥 𝐟𝐚𝐜𝐢𝐥𝐢𝐭𝐲 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐨𝐧𝐭𝐡𝐥𝐲 𝐬𝐚𝐥𝐞𝐬 𝐭𝐚𝐱 𝐫𝐞𝐭𝐮𝐫𝐧 𝐚𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐭𝐚𝐱𝐩𝐚𝐲𝐞𝐫𝐬 𝐭𝐨 𝐚𝐝𝐣𝐮𝐬𝐭 𝐢𝐧𝐚𝐝𝐦𝐢𝐬𝐬𝐢𝐛𝐥𝐞 𝐢𝐧𝐩𝐮𝐭 𝐭𝐚𝐱 𝐨𝐟 𝐩𝐫𝐞𝐯𝐢𝐨𝐮𝐬 𝐦𝐨𝐧𝐭𝐡𝐬.
This step will help businesses regularize past discrepancies where input tax may have been incorrectly claimed, particularly in situations such as:
🔹 𝐈𝐧𝐩𝐮𝐭 𝐭𝐚𝐱 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐭𝐨 𝐞𝐱𝐞𝐦𝐩𝐭 𝐬𝐮𝐩𝐩𝐥𝐢𝐞𝐬

Let me explain it in simple terms.
1️⃣ 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐈𝐧𝐚𝐝𝐦𝐢𝐬𝐬𝐢𝐛𝐥𝐞 𝐈𝐧𝐩𝐮𝐭 𝐓𝐚𝐱?
In sales tax, businesses can claim input tax (tax paid on purchases) against output tax (tax charged on sales).
However, some input tax cannot legally be claimed. This is called inadmissible input tax.
𝐂𝐨𝐦𝐦𝐨𝐧 𝐞𝐱𝐚𝐦𝐩𝐥𝐞𝐬:
Input tax related to exempt supplies
Personal or non-business expenses

2️⃣ 𝐖𝐡𝐚𝐭 𝐏𝐫𝐨𝐛𝐥𝐞𝐦 𝐄𝐱𝐢𝐬𝐭𝐞𝐝 𝐁𝐞𝐟𝐨𝐫𝐞
Earlier, if a taxpayer mistakenly claimed extra input tax in previous months, it was difficult to correct it because:
Past returns were locked
Adjustment options were limited
This created compliance issues during audits.
3️⃣ 𝐖𝐡𝐚𝐭 𝐅𝐁𝐑 𝐇𝐚𝐬 𝐀𝐥𝐥𝐨𝐰𝐞𝐝 𝐍𝐨𝐰
Now FBR allows taxpayers to adjust inadmissible input tax of previous months in the current sales tax return.
This means you can:
✔ Reduce wrongly claimed input tax
✔ Adjust input tax related to exempt supplies
✔ Correct excess input tax claims made earlier
4️⃣ 𝐒𝐢𝐦𝐩𝐥𝐞 𝐄𝐱𝐚𝐦𝐩𝐥𝐞
Suppose:
January purchase input tax claimed = Rs. 100,000
Later you realize Rs. 30,000 relates to exempt supplies (not allowed)
Previously: difficult to fix.
𝐍𝐨𝐰:
In March return, you can adjust Rs. 30,000 as inadmissible input tax.
5️⃣ 𝐖𝐡𝐲 𝐅𝐁𝐑 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐞𝐝 𝐓𝐡𝐢𝐬
Purpose is to:
Improve voluntary compliance
Allow self-correction
Reduce future penalties and audit issues
Make sales tax reporting transparent
Further Clarifications are required from FBR.

05/03/2026

*FBR* ***** *PRESS RELEASE* ***** *Chairman FBR Assures Tax Bar of Maximum Facilitation, Constitutes Committee to Resolve Taxpayer Issues* ***** Islamabad, 27th February 2026: Chairman Federal Board of Revenue (FBR), Mr. Rashid Mahmood Langrial chaired a meeting at FBR Headquarters with representati...

04/03/2026

ISLAMABAD: Appellate Tribunal of Inland Revenue, Lahore, has directed the Chairman of the Federal Board of Revenue...

03/03/2026

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) has issued a landmark judgment, exposing the conduct of a...

27/02/2026

Tax bar associations raise concerns over super tax and SRO 350. FBR chairman forms a committee to resolve sales tax return and compliance

21/02/2026

ISLAMABAD: The Lahore High Court (LHC) has set aside an order issued by the Punjab Revenue Authority (PRA) against a...

Address

Law Junction, Ittehad Park, Lytton Road
Lahore
54000

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00
Saturday 09:00 - 17:00

Telephone

+923334256485

Website

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