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FBR allows filing annex-H for July-Dec up to June 30

FBR allows filing annex-H for July-Dec up to June 30

ISLAMABAD: Federal Board of Revenue (FBR) on Friday announced extension in date for filing annexure-H (stock position) up to June 30, 2020 for the period July – December 2019.

Filing Annexure-H is mandatory for taxpayers to claim sales tax refunds.

In an official memorandum issued, the FBR extended the time limit for filing of Annexure – H for the tax period July – December 2019 up to June 30, 2020.

Annexure-H is a statement for providing stock position by taxpayers along with monthly sales tax return.

The FBR from July 01, 2019 introduced expeditious payment of sales tax refunds within 72 hours subject to the true filing of Annexure – H.

As per the Rules, refund will be treated as having been filed only after filing of Annexure H of the Sales Tax return, for which deadline of 120 days has been prescribed in the Rules and the same can be extended for a period of 60 days on the basis of approval from the Commissioner.