{"id":69853,"date":"2020-08-29T09:44:00","date_gmt":"2020-08-29T04:44:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=69853"},"modified":"2020-08-28T17:46:35","modified_gmt":"2020-08-28T12:46:35","slug":"fbr-register-greenfield-industry-status-gst-exemptions","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html","title":{"rendered":"FBR to register Greenfield Industry status for GST exemptions"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR), through a statutory regulatory order (SRO) on Wednesday, announced that it will grant industrial enterprises the status of &#8216;Greenfield Industry&#8217; to qualify them for a sales tax exemption \u2014 with the decision having been taken after deliberations with the Engineering Development Board (EDB), a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-talks-with-marble-industry-impose-17-tax.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR in talks with marble industry to impose 17% tax<\/a><\/p>\n\n\n\n<p>The initiative was announced through the SRO 777(I)\/2020, which amended the Sales Tax Rules 2006. The board also shared the procedure to obtain a Greenfield Industry status for availing the said tax exemption. According to the procedure, any industry looking to avail this offer will have to submit an exemption application with the Commissioner Inland Revenue.<\/p>\n\n\n\n<p>The Commissioner, after scrutinising the application, will forward it to the EDB for its expert opinion. The board will then submit its judgement on whether the process or technology being employed by the said industrial undertaking is or is not already under use in Pakistan.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/scci-president-urges-fbr-postpone-pos-system-implementation.html\" target=\"_blank\" rel=\"noreferrer noopener\">SCCI President urges FBR to postpone POS system implementation for a year<\/a><\/p>\n\n\n\n<p>After the report, the Commissioner will provide his approval for granting the Greenfield Industry Status to the selected company \u2014 but only after ensuring it meets all the requisite requirements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR), through a statutory regulatory order (SRO) on Wednesday, announced that it will grant industrial enterprises the status of &#8216;Greenfield Industry&#8217; to qualify them for a sales tax exemption \u2014 with the decision having been taken after deliberations with the Engineering Development Board (EDB), a news source reported. Read: FBR in talks with marble industry to impose 17% tax The initiative was announced through the SRO 777(I)\/2020, which amended the Sales Tax Rules 2006. The board also shared the procedure to obtain a Greenfield Industry status for availing the said tax exemption. According to the procedure, any industry looking to avail this offer will have to submit an exemption application with the Commissioner Inland Revenue. The Commissioner, after scrutinising the application, will forward it to the EDB for its expert opinion. The board will then submit its judgement on whether the process or technology being employed by the said industrial undertaking is or is not already under use in Pakistan. Read: SCCI President urges FBR to postpone POS system implementation for a year After the report, the Commissioner will provide his approval for granting the Greenfield Industry Status to the selected company \u2014 but&hellip;<\/p>\n","protected":false},"author":57,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[38053,38051,38052],"persona":[],"class_list":{"0":"post-69853","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr-to-register-greenfield-industry-status-for-gst-exemptions","9":"tag-greenfield-industry-status","10":"tag-gst-exemption","11":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR to register Greenfield Industries for GST exemption - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR), through a statutory regulatory order (SRO) on Wednesday, announced that it will grant industrial enterprises the status of &#039;Greenfield Industry&#039; to qualify them for a sales tax exemption \u2014 with the decision having been taken after deliberations with the Engineering Development Board (EDB), a news source reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR to register Greenfield Industries for GST exemption - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR), through a statutory regulatory order (SRO) on Wednesday, announced that it will grant industrial enterprises the status of &#039;Greenfield Industry&#039; to qualify them for a sales tax exemption \u2014 with the decision having been taken after deliberations with the Engineering Development Board (EDB), a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-29T04:44:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Farhad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Farhad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR to register Greenfield Industries for GST exemption - Zameen News","description":"Islamabad: The Federal Board of Revenue (FBR), through a statutory regulatory order (SRO) on Wednesday, announced that it will grant industrial enterprises the status of 'Greenfield Industry' to qualify them for a sales tax exemption \u2014 with the decision having been taken after deliberations with the Engineering Development Board (EDB), a news source reported.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html","og_locale":"en_US","og_type":"article","og_title":"FBR to register Greenfield Industries for GST exemption - Zameen News","og_description":"Islamabad: The Federal Board of Revenue (FBR), through a statutory regulatory order (SRO) on Wednesday, announced that it will grant industrial enterprises the status of 'Greenfield Industry' to qualify them for a sales tax exemption \u2014 with the decision having been taken after deliberations with the Engineering Development Board (EDB), a news source reported.","og_url":"https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2020-08-29T04:44:00+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","type":"image\/jpeg"}],"author":"Muhammad Farhad","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Muhammad Farhad","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html"},"author":{"name":"Muhammad Farhad","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9fc1132e74cdd346f201633b8d1cebc9"},"headline":"FBR to register Greenfield Industry status for GST exemptions","datePublished":"2020-08-29T04:44:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html"},"wordCount":214,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","keywords":["FBR to register Greenfield Industry status for GST exemptions","Greenfield Industry Status","GST Exemption"],"articleSection":["Legal &amp; Taxation"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html","url":"https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html","name":"FBR to register Greenfield Industries for GST exemption - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","datePublished":"2020-08-29T04:44:00+00:00","description":"Islamabad: The Federal Board of Revenue (FBR), through a statutory regulatory order (SRO) on Wednesday, announced that it will grant industrial enterprises the status of 'Greenfield Industry' to qualify them for a sales tax exemption \u2014 with the decision having been taken after deliberations with the Engineering Development Board (EDB), a news source reported.","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","width":1170,"height":400,"caption":"FBR"},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/fbr-register-greenfield-industry-status-gst-exemptions.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"FBR to register Greenfield Industry status for GST exemptions"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9fc1132e74cdd346f201633b8d1cebc9","name":"Muhammad Farhad","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/13eadb15a0125b6648e56703aaf7543058fea376b06a73209cde68f09b9b093d?s=96&d=mm&r=g","caption":"Muhammad Farhad"},"description":"Muhammad Farhad is a Content Developer at Zameen.com.","url":"https:\/\/www.zameen.com\/news\/author\/farhad-hassan"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/69853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=69853"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/69853\/revisions"}],"predecessor-version":[{"id":69854,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/69853\/revisions\/69854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/61403"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=69853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=69853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=69853"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=69853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}