Is Your Business GST Compliant? Let Filernow Handle It for You!
General Sales Tax (GST) plays a vital role in Pakistan’s taxation system, affecting both businesses and consumers. Whether you’re a business owner or a consumer, understanding GST is essential for compliance with the Federal Board of Revenue (FBR) regulations.
At Filernow, we offer specialized tax consultancy services, including GST registration, filing, and compliance support. In this guide, we’ll break down everything you need to know about GST in Pakistan and how Filernow can help make the process easy and hassle-free.
What is GST in Pakistan?
General Sales Tax (GST) is an indirect tax applied to the supply of goods and services. In Pakistan, GST is governed under the Sales Tax Act, 1990 and is regulated by the Federal Board of Revenue (FBR).
✅ Standard GST Rate: 18% (effective from 2024)
✅ Reduced GST Rate: Varies by sector (e.g., 10% on petroleum products)
✅ Applicability: Businesses with an annual turnover above PKR 5 million must register for GST
Why is GST Important for Businesses?
GST registration is mandatory for businesses that fall under the FBR’s defined criteria. Ignoring this obligation can lead to penalties and legal consequences. Here’s why GST compliance is essential:
✅ Legal Requirement: Mandatory under the Sales Tax Act, 1990
✅ Input Tax Credit: Enables businesses to reclaim GST paid on purchases
✅ Business Credibility: Boosts the reputation and trust in your company
✅ Avoiding Penalties: Prevents fines and operational restrictions due to non-compliance
How Filernow Helps You with GST Compliance
At Filernow, we simplify GST processes for businesses throughout Pakistan. Our expert services include:
✅ GST Registration: Complete FBR registration handled by our team
✅ GST Filing & Returns: Accurate monthly and annual return submissions
✅ Audit Support: Full assistance during any FBR audits
✅ Tax Consultancy: Tailored tax strategies to meet your business requirements
With Filernow, you can forget about the paperwork and legal complexities—we take care of everything.
How to Register for GST in Pakistan?
Step 1: Prepare Required Documents
CNIC of business owner(s)
Business registration certificate
Bank account details
Utility bill (as proof of business address)
Step 2: Submit Application on IRIS
Log in to FBR’s IRIS portal and submit the GST registration form
Step 3: Receive GST Registration Number
Once approved, you’ll get your Sales Tax Registration Number (STRN)
✅ Want to skip the hassle? Let Filernow manage your registration with ease!
GST Rates in Pakistan – 2024 Update
Here are the latest GST rates applicable to various sectors:
Filernow ensures you stay informed with the latest tax updates so your business remains fully compliant.
How to File GST Returns with Filernow
We simplify GST filing for businesses by managing the entire process:
✅ Step 1: Collect sales and purchase records
✅ Step 2: Prepare and submit GST return on FBR’s IRIS Portal
✅ Step 3: Ensure timely payment of GST liability
At Filernow, we guarantee accurate and on-time submissions to help you avoid penalties.
Penalties for Non-Compliance with GST
If you fail to register or file GST returns, you may face:
❌ Late Filing Penalty: PKR 5,000 per month
❌ Non-Registration Fine: PKR 10,000 or 5% of the unpaid tax
❌ Business Suspension: FBR may seal non-compliant businesses
Why Choose Filernow for GST Services?
Here’s why businesses across Pakistan trust Filernow:
✅ Expertise: Skilled tax professionals ensuring FBR compliance
✅ Accuracy: Precise documentation with timely submissions
✅ Convenience: We manage the process—you focus on growing your business
✅ Affordable Pricing: Budget-friendly services for businesses of all sizes
Contact Filernow today and leave your GST concerns behind!
GST in Pakistan
Final Thoughts – Let Filernow Simplify GST for You
Understanding and complying with GST regulations in Pakistan is crucial for business success. Whether you need to register, file, or manage GST, Filernow is your reliable partner for full tax compliance.
✅ Don’t risk penalties—let Filernow take care of your GST obligations today!
Visit www.filernow.com for expert GST consultation and hassle-free filing.