Thursday, July 7, 2022

PYMA seeks extension for ST return filling deadline


Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at

Hanif Lakhany, Vice President, Federation of Pakistan Chambers of Commerce & Industry (FPCCI) & Senior Vice Chairman Pakistan Yarn Merchants Association(PYMA) and Farhan Ashrafi, Vice Chairman PYMA & convener FPCCI’s Central Standing Committee on Yarn Trading, have asked the Chairman Federal Board of Revenue (FBR) to extend the deadline for filing sales tax returns till May 31, 2021, while requested the federal government to reduce the holidays announced for Eid-ul-Fitr in the best economic interest of the country.

In a statement issued, Hanif Lakhany and Farhan Ashrafi drew the attention of the Chairman FBR, and said that due to the Eid-ul-Fitr long holidays, the date for filing sales tax returns is coming up during the Eid holidays, as a result, the business community will not be able to file their monthly sales tax returns.

It is therefore imperative that the sales tax return submission deadline be extended to at least May 31, 2021, so that the business community can submit their returns on time without any hassle.

PYMA office bearers expressed concern over the NCOC’s announcement with reference to Eid ul Fitr holidays from May 10th-15th, stated that the COVID-19 pandemic has already disrupted trade & industrial activities, causing severe business & financial crises for the business community.

In these circumstances, the 9-day holidays are by no means in favour of the economy. He appealed to the federal government to reduce the Eid-ul-Fitr holidays to continue commercial & industrial activities and help the business community to offset the losses caused by the Corona epidemic.

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