The Supreme Court of Pakistan has ruled that applications for adjustment of input tax on construction materials, such as cement and steel used in the construction of factories or other real estate structures, are not admissible under the Sales Tax Act, 1990. The court further highlighted that mandatory legal requirements, particularly those related to banking channels and deposit of taxes in the national treasury, cannot be ignored. A three-member bench, comprising Chief Justice Yahya Afridi, Justice Irfan Saadat Khan and Justice Shakeel Ahmed, accepted the civil appeal filed by the Revenue Commissioner.
SC maintains FBR’s stance in tax case
