Under the details, this amendment to the Sales Tax Rules, 2006, specifically targets the steel sector and introduces electronic monitoring through the Track and Trace system. The FBR has expanded its electronic monitoring scope to include the tiles sector as well.
As outlined in the amended S.R.O. 308(1)/2024, the Sales Tax Rules, 2006, will now be applicable to facilitate electronic monitoring, tracking, and tracing of the production, import, and supply chain of various goods in real-time. The newly included sectors for electronic monitoring encompass tobacco products, beverages, sugar, fertilizer, cement, petroleum products, the steel sector, and now tiles.
As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.
