TAXES AND JOBS UPDATES - BY INSTITUTE OF TAXATION & FINANCE SALES TAX ACT 1990: REFUND OF INPUT TAX PAYABLE IN 45 DAYS Federal Board of Revenue (FBR) is required to pay sales tax refunds to the taxpayers in 45 days from the date of filing claim. According to recently updated Sales Tax Act, 1990 issued by the FBR, the Section 10 explained the refund of input tax. Section 10: Refund of input tax Sub-Section (1): If the input tax paid by a registered person on taxable purchases made during a tax pe
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