ICCI calls for further extension in the last date of ST Returns of March 2020.

ISLAMABAD -- The Islamabad Chamber of Commerce and Industry has called upon the Federal Board of Revenue (FBR) to give further extension in the last date for the submission of Sales Tax Returns (STRs) of March 2020 as in the current circumstances.

The most of the business and industrial units were closed, it was difficult for business community to submit ST Returns of March 2020 within due date, President, Islamabad Chamber of Commerce (ICCI) Industry Muhammad Ahmed Waheed said in press release issued by ICCI here.

He said that FBR had extended the last date for the submission of ST Returns of March 2020 till April 30, 2020.

However, due to the COVID-19, most of the business and industrial institutions were still closed.

He said that ST returns were directly related with sale/purchase activities, but at a time, when majority of businesses were closed, how was it possible for business community to submit ST returns within due. He urged that FBR should give at least one month's further extension in the last date for submission of ST Returns of March 2020.

He further emphasized that keeping in view the difficulties of business sector due to COVID-19, government should defer the submission of ST Returns for next 6 months that would provide great relief to the business community. ICCI President said that according to Section-8B of Sales Tax Act 1990, a registered...