Capital Value Tax (CVT) is a federal tax levied on the purchase of motor vehicles in Pakistan. It’s a one-time tax calculated based on the engine capacity or value of the vehicle.
Steps to Generate a CVT Challan on FBR’s IRIS Portal:
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Log in to IRIS:
- Visit the FBR’s IRIS portal
- Log in using your NTN (National Tax Number) and password.
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Navigate to e-Payments:
- Once logged in, navigate to the “e-Payments” section.
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Select “CVT on Motor Vehicle in Pakistan”:
- From the list of tax types, choose “CVT on Motor Vehicle in Pakistan.”
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Provide Vehicle Details:
- Enter the following information about the vehicle:
- Vehicle Type (Car, Motorcycle, etc.)
- Engine/Battery Capacity
- Make
- Model
- Engine Number
- Chassis Number
- Registration Number (if applicable)
- Enter the following information about the vehicle:
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Provide Purchaser and Seller Details:
- Enter the details of the purchaser and seller, including their names, CNIC numbers, and addresses.
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Calculate Tax Amount:
- The system will automatically calculate the CVT amount based on the vehicle’s details and applicable tax rates.
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Review and Submit:
- Carefully review all the information you’ve entered.
- Once you’re satisfied, click the “Submit” button.
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Generate Challan:
- After successful submission, the system will generate a challan with a unique payment ID.
- This challan will contain details of the tax amount, due date, and payment instructions.
Making the Payment: You can pay the CVT through various channels, including:
- Online Banking: Use your internet banking account to make the payment directly to the FBR.
- Over-the-Counter Payment: Visit a designated bank branch and make the payment using the challan.
- Mobile Wallets: Use mobile wallet services like Easy Paisa or Jazz Cash to make the payment.
Important Note:
- Accurate Information: Ensure that all the information provided is accurate and complete to avoid any issues during the payment process.
- Retain Documents: Keep a copy of the generated challan and payment receipt for future reference.
- Timely Payment: Make sure to pay the CVT within the specified deadline to avoid penalties.
By following these steps, you can efficiently generate a CVT challan and fulfill your tax obligations.