The Supreme Court of Pakistan has ruled that claims 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 emphasized that mandatory legal requirements, particularly those relating to banking channels and deposit of tax in the national exchequer, 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 Commissioner of Inland Revenue.
SC upholds FBR’s stand in tax case
