F.No.05/POS/IR/202l/61121-R, Islamabad, March 17, 2022

SROS: F.No.05/POS/IR/202l/61121-R, Islamabad, March 17, 2022 Clarification on the issue of discount on the Standardized Tax Invoice as per SRO 1006 (I)/2021 Government of Pakistan Revenue Division Federal Board of Revenue Inland Revenue - Operations ***** F.No.05/POS/IR/202l/61121-R Islamabad, March 17, 2022 Subject: Clarification on the issue of discount on the Standardized Tax Invoice as per SRO 1006 (I)/2021 FBR had issued clarification vide C.No.05/POS/IR/2021/164662-R dated 13-10- 2021 on the standardized format of the Sales Tax invoice notified vide SRO 1006(I)/2021 dated 09-08-2021. 2. Various representation from the taxpayers’ and Bar Councils’ have again been received by the Board seeking further clarification of the “trade discount”. 3. “Value of supply” as per section 2 (46) of the Sales Tax…