FBR Imposed sale tax on Used Cars Sale and Purchase

To increase the taxation network and increase the indirect tax revenue Federal Board of revenue (FBR) imposed sales tax on purchase and sale of used cars. According to FBR Issued SRO (SRO 931 (I) 2020) Sales tax 17% will charge on value of supply where registered person engaged in purchase and sale of used vehicle from general public on which sales tax already paid at the time of manufacture or import of vehicle, according to FBR additional tax 3% will apply if unregistered trader buy used car.

Federal board of revenue also give formula in said SRO to calculate the value of supply at which sale tax will apply.

Value of Supply = A-B

A: “it is the consideration in money, including all charges, fees and not include sales tax amount charged and received by registered person from the purchaser of used car or vehicle”

B: “it is the consideration in money, include all charges, fees, paid by the registered person (Buyer) to the seller of the used vehicle or car”   

It is added transaction amount of buying and selling made through banking channel which is the requirement of section 73 of Act.

Value of Supply for sale tax purpose will be Zero if vehicle is sold at price lower than its purchase price.

This new taxation will apply on those who engage in the business of Buying and selling of used cars and not on individuals who buy and sell cars for their personal use.

 Source said that the purpose of this new taxation implication is to bring car dealers in taxation network.   

What Benefits You Will Enjoy With Euro 5 Petrol?

It is no doubt that the quality of petrol affects a lot in the performance of your car. If you use lower quality petrol, it may affect the performance of your car’s engine. The reason is that premium petrol quality like Euro 5 Petrol has a higher octane rate that definitely helps the vehicle squeeze more miles in the same amount of petrol. 

Journey to Euro 1 Petrol to Euro 5 Petrol!

In the past, car scientists tried to manufacture such cars that deliver more excellent performance in a little amount of petrol. They didn’t care about pollutants coming out from the exhaust. Then progressed nations like the United States, European Union, Japan, and others set the standards of petrol to make the environment less pollutant. 

In July 1992, the European Union Regulation introduced Euro quality petrol to improve air quality. After that, consecutively, five sets of improved petrol quality have been presented to reduce carbon monoxide (CO) emissions and enhance air quality across nationwide. 

Euro 1 (EC93) introduced in 1992 and applied to all newly registered cars. In this quality, catalytic converters were introduced for the first time in the cars. 

Euro 2 (EC96) petrol quality was introduced for all cars since January 1997. In this quality petrol, emissions limits for diesel engines was reduced. 

Euro 3 (EC2000) applied to all cars from January 2001. In this quality, separate limits were set for nitrogen oxide and hydrocarbons emissions for diesel engines. 

Euro 4 (EC2005) applied to all new cars from 2006. In this quality, diesel particulate filters were introduced to trap particulates. This technology traps about 99% particulates. 

Euro 5 applied on all new cars from 2011. In this quality, extra diesel particulates filters were introduced to trap and control emissions. 

Introduction of Hi-Octane 97 Euro 5 in Pakistan 

PSO (Pakistan State Oil) company introduced world-class standard Hi-Octane 97 Euro 5 in this year 2020. It is a more significant step towards providing clean and higher quality petroleum services across Pakistan. 

According to details, a special ceremony was held at PSO Service Station-2, Diplomatic Enclave on Tuesday, where Special Assistant to Prime Minister on Petroleum, Nadeem Babar, and Minister for Energy, Omar Ayub Khan were chief guests. They said that introduction of Hi-Octane 97 Euro 5 in Pakistan is the fulfilment of commitment to provide higher quality petrol and a step towards a clean environment. 

Euro 5 emission limits (diesel)

HC+ NOx – 0.23 g/km

CO – 0.50 g/km

PM – 0.005 g/km

PM – 6.0×10 ^11/km

NOx – 0.18 g/km

Euro 5 emission limits (petrol)

NOx – 0.06 g/km

HC – 0.10 g/km

PM – 0.005 g/km (direct injection only)

CO – 1.0 g/km

 Award-winning Benefits of Hi-Octane 97 Euro 5  Here are some of the outstanding benefits of Hi-Octane 97 Euro

Improves Engine Quality & Performance

The importance of engine in the structure of cars cant’ be denied. As our body converts food into energy, a car engine converts fuel into motion the same as it is. If it is kept clean and well-maintained, it helps the car run smoothly and faster. Due to the high octane rate compared to regular petrol, your car’s engine works more effectively and efficiently.

Clean & Green Environment

A clean and green environment is essential for human health. A pollution free environment can only be achieved by the reduction of hazardous chemicals and pollutants. Hi-Octane 97 Euro 5 minimizes harmful vehicle emissions with a decrease in Sulphur and Benzene content.

Increases Efficiency 

It is no doubt that Euro 5 Petrol increases the efficiency of your car. Most giant car manufacturing companies are trying to introduce more efficient engines and fuel consumption. Due to the high octane rate, Euro 5 petrol has become more efficient for car engines.  It may cost you more than other petrol qualities, but it is much better for your car. The sale of Euro 5 petrol has been started on various petrol stations across the country. Drive yourself into innovative and smooth fuel experience by using this type of fuel for your car.

This new petrol gives opportunity to car rental companies, it reduce their car rental services cost which result increase in profitability.

Top 10 Best Hotels in Islamabad

When it comes to Islamabad, it is considered one of the most beautiful cities in the world. Now it is 2nd most beautiful capital of the world that is worth visiting. If you’re planning to visit Islamabad and look for the best and affordable hotels, don’t worry. We are going to provide you a list of 10 best hotels in Islamabad that you can visit and stay. Before discussing it, let us know you about the beauty of Islamabad. 

Beauty of Islamabad

Islamabad is surrounded by green hills, forests, and beautiful valleys. There is a lot of worth-seeing things and places. Some of them are Faisal Mosque, Pakistan Monument, Daman-e-Koh, Lok Virsa, Monal Restaurant, Margalla Hills, Centaurus Mall, Star and Crescent Monument Shakarparian, and much more. If you ever visit Islamabad, you must visit these charming places. 

Here is a list of Top 10 Best Hotels in Islamabad

Islamabad Serena Hotel

It is a 5-star hotel located on Khayaban-e-Suhrwardy, opposite Convention Centre، G-5/1 G-5, Islamabad. It is a well-refined and sophisticated property featuring upscale dining. This luxurious hotel is a member of the leading hotels in the world. 

Facilities 

– Heated outdoor pool

– 24-hour room service

– Fully-Equipped fitness centre 

– Maisha Spa

– Banquet and conference facilities

– Complimentary airport transfers

– Complimentary Wi-Fi access

– A choice of cuisine and restaurants

All the rooms are well-decorated, facilitated with Wi-Fi, and flat-screen TV’s. The price of this hotel starts at $194.

Avari Xpress Hotel

This luxury hotel is located on Islamabad Expressway, Gulistan-e-Jinnah Colony Ojhri Camp،, Islamabad. All the rooms in this hotel are well air-conditioned and well-furnished. All the rooms are equipped with a flat-screen TV, a shower, a kettle, and a private bathroom. 

A buffet breakfast is daily in this hotel. Famous Ayub Park is just 13 KM, and Nawaz Sharif Park is 3.9 KM from this accommodation. 

Millennium Hotel Islamabad – PAFSOM

This luxury hotel is located on Main Margalla Rd, E-9/1 E-9, Islamabad. It is just 5 KM from Faisal Mosque and a 12-minutes walk from Fatima Jinnah Park. We included it in the top 10 best hotels in Islamabad due to its various facilities. It offers 24-hours front desk support, an attached restaurant, and room service. 

All the rooms in this hotel are equipped with a flat-screen TV, free Wi-Fi, and a private bathroom. Regular breakfast is served every morning. Islamabad Airport is just 22 KM away from this hotel.

Hotel DE Palazzo Islamabad

This fantastic and luxurious hotel is located on Street 70, Markaz MPCHS E 11/3 E-11, Islamabad. This hotel offers a restaurant facility and 24 hours front desk support for the leisure of guests. 

There are almost 28 well-equipped and air-condition rooms equipped with comfortable and modern style things. There are banks, gyms, snooker clubs, salons, and medical clinics. Every room offers you a charming view of Margalla Hills.

Islamabad Marriott Hotel

This 3-star hotel is located on Agha Khan Rd, F-5/1 Shalimar 5, Islamabad Capital Territory. This luxurious hotel offers a stunning view of mountains that give calm to your eyes. This upscale hotel is just 7 KM away from Faisal Mosque and 4 KM from Islamabad Zoo. 

You can save up to 20% on fall gateways. All the rooms are well-equipped and modern structured. Every room has the facility of flat-screen TV, free Wi-Fi, and coffee/tea maker. 

Prestige Residence Islamabad

This luxury hotel is located in 9th AvenueStreet No. 31 F 8/1, Service Road, Islamabad. This beautiful hotel is just 2 minutes away from the Blue Area and only 15 minutes drive from the International Airport. 

Every room has a private bathroom, flat-screen TV, and free Wi-Fi. Daily laundry, housekeeping and other facilities are also included in package. They also offer airport shuttle services, front desk safe, complimentary buffet breakfast, and air conditioning. 

Sunset Destination

 It is a 3-star guest house located on Parveen Shakir Rd, F-7/1 F 7/1 F-7, Islamabad. This hotel has a total of 11 guest rooms and offers free Wi-Fi and free parking amenities. It is just a 16-minutes’ walk from Centaurus Mall and a 27-minutes walk from Faisal Mosque. This destination offers a free parking facility, a shared lounge, and a terrace. 

Livin Hub Guest House (招待所)

This 2-star hotel is located on House No, 68-A Nazim-ud-din Road, opposite Centaurus Mall, F-8/4 F 8/4 F-8, Islamabad. We included it in the top 10 best hotels in Islamabad due to its various facilities. Some of its facilities are an Electric vehicle charging station, free breakfast, pets allowed, and free high-speed internet. Its economic standards are unmatched. 

Hotel Margala Islamabad

This casual 3-star hotel is located on Sahara Kashmir Rd, Shakar Parian, Islamabad. This hotel has a spa, a buffet-style restaurant, and a gym. It is 17 KM from Islamabad International Airport and 4 KM from the Jinnah convention center. All the rooms are well-furnished, equipped with Wi-Fi, flat-screen TVs, separate bathrooms. Room services are also available. 

Centaurus Hotel Apartments

The renowned Centaurus Hotel is located on Nazim-ud-din Rd, F 8/4 F-8, Islamabad. Its location rating on Google is 4.4, and you can get around for recreation and dining. Islamabad International Airport is just 50 minutes drive from this luxury hotel. All the rooms are well arranged and have all the necessary facilities. 

After selecting hotel the next question and arrangement you will definitely want to made that is selecting best transport service. we recommend you to take rent a car from private rent a car in islamabad companies. Askari rent a car islamabad offers all range and type of vehicles with chauffer.

How To Select Luxury Rent A Car For Your Memorable Wedding

A wedding is one of the memorable, pleasurable and most important and days of a person’s life. It is the beginning of the family and long life commitment. Every couple wants to make their wedding special, memorable, and full of fun. In this occurring, the importance of a wedding car can’t be denied. If you’re looking for luxury rent a car for your big day, then you’re at the right place. We at Askari Cars almost deal in all types of vehicles to our valuable customers. 

Significance of car for every bride

A wedding day is the most beautiful day in someone’s life. Everyone wants their wedding day should be memorable for years to come. No one wants their wedding day as a dull and tiresome day. That’s why everyone tries a lot to make it happy and full of fun. The wedding car’s role in the personality of the groom can’t be denied. A luxury rent car services providing company provides a vast range of vehicles like TOYOTA, CIVIC, BMW, MERCEDES, and much more. 

What measures do you need to take selecting luxury rent a car? 

When selecting a luxury rent a car, there are a lot of factors. The quality of a car matters a lot. No one wants any disturbance during their way due to the vehicle. So the car rental services should be flawless. 

Here are some factors that you should consider for selecting rent a car for your wedding. 

Choice of wedding car

After deciding venues and other accommodations, searching for car rental services might be hectic. Before planning, you move towards car rental services providers and finalize your car choice for your big day. For example, if you want a vintage car or classic car, then look for vintage car rental services providers. But if you wish to modern luxury cars for your wedding day, then go and search for it. Well, it is better to consult with your partner which type of car should be for the wedding day. 

Quality control

The quality of a wedding car matters a lot. Your joy journey should not be declined with a lousy car experience. Even all car rental companies ensure that the vehicle will run smoothly without any disturbance throughout the way. However, it’s totally up to you to take all safety measures that the vehicle will be well-maintained and immaculate. 

An Expert Driver

So you have decided about your car; however, here is another thing that you should take into account. Choose whether you will drive your car or any other person. Much luxury rent car services providing companies offer chauffeur to drive your car on your big day. You can ask about it with rental companies about his dress and other necessary instruction. Chauffeurs have a lot of driving cars experience, and they know how to negotiate traffic that you may don’t know. By hiring a chauffeur will save your time as well as your energy.

Contracts & Agreements

Before you choose car rental services, make sure you have gone through all contracts and agreements. Reading contracts and agreements with full attention better and save you from a lot of headaches. Look closely into everting like the refund policy and security deposit. It is always advisable to go with a person who is an expert in these matters. In this way, you can save your precious time together with money.

Why You Should Seek Luxury Rent A Car Services from Askari Cars

Askari Cars is one of the renowned and leading luxury car rental companies in Pakistan. Having to experience more than 14 years, they are committed to providing excellent Luxury Rent A Car Lahore Services to its valuable customers with great pride. 

Their variety of services include Daily Rental, Weekly and Monthly Rental, Pick and Drop services, Car Leisure services, and much more. With our luxury car rental services, we are sure you will have the best car rental experience. 

For us, customer’s pleasure and healthiness are most important. That’s why we serve our clients with three layers of safety. First, we always sanitize our cars after every ride. Second, all our vehicles are equipped with high-quality sanitizers. Third, our chauffeurs wear masks and gloves to make sure protection from coronavirus.