Sales Tax Instructions

Sales Tax Instructions, 2009
C. NO.1(4)-SECY(STD)/96 DATED 26 th SEPTEMBER, 1996
SUBJECT:- REFUND OF INPUT TAX
Please refer to your letter No.01-ST Refund/Misc./Pt.II/118, dated 23 rd
September, 1996. it is learnt that the matter was discussed by you with Member (Sales
Tax) on 22 nd September, 1996 and instructions were conveyed on this issue.
2. This may be mentioned that the proposed measure of allowing
refundable amount to be carried forward was discussed i.e., the ECC on 9 th September,
1996. Earlier the Advisor had discussed this matter in accordance with the instructions
from the competent authority. The decision of the Government for change in the tax
return form, so that a taxpayer may carry forward the amount of input tax if he so desires,
shall have to be adhered to.
3. Instructions are being issued that if the input tax credit is carried forward
by a taxpayer scrutiny will be undertaken by the Collectorate so as to ensure that the
amount carried forward as indicated in the tax return has been correctly worked out and is
admissible under the law. In case the concerned officer has reasons to believe that the
amount carried forward has not been correctly worked out proceedings will be initiated
against the taxpayer and the amount to be carried forward as is actually admissible under
the law will be determined. A copy of the instructions issued on the subject is enclosed.
[Issued by the C.B.R., Islamabad, under the signature of Mr. Falak Sher, Chief (Sales
Tax), addressed to Mr. Zafar Iqbal, Collector of Sales Tax, Lahore.]
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C. NO.1(4)-SECY(STD)/96 DATED 26 th SEPTEMBER, 1996
SUBJECT:- AN AMENDMENT IN THE TAX RETURN FORM CARRYING
FORWARD OF INPUT TAX TO THE SUBSEQUENT TAX
PERIOD
In response to the taxpayers demand it has been decided that in case the amount
of input tax exceeds the output tax the taxpayer will be given on option either to get
refund of this amount or carry forward the credit to the subsequent tax period. A new
Column 09 A has been introduced in the revised return-cum-payment challan form. The
taxpayer will exercise his choice by tick marking the relevant box and crossing the other
one. In case the taxpayer opts for claiming refund the tax return will be processed as
usual. If, the taxpayer opts to carry forward the credit, he will be allowed to do so. In that
case, the taxpayer will write the carried forward amount in Column 05 of his next tax
return.
2. In case a tax return filed by a taxpayer indicates that the input tax credit
has been carried forward scrutiny may be undertaken so as to ascertain that the amount
carried forward as indicated in the tax return has been correctly worked out and is