Sales Tax Instructions

Sales Tax Instructions, 2009
C. No. 3(75)STP/96 DATED 29 TH SEPTEMBER, 1996
SUBJECT:- PAYMENT OF DRAWBACK CLAIMS UNDER STANDARD
NOTIFICATIONS ON EXPORT OF FABRICS MADE DURING
THE PERIOD 1 ST JULY 1996 TO 30 TH SEPTEMBER, 1996.
I am directed to refer to your letter No. Nil dated 26 th September, 1996 on the
subject cited above.
3. Both zero-rating and rebate through SROs are admissible simultaneously
if the relevant SRO does not have the condition of not being admissible in cases where
zero-rating is availed.
[Issued by the C.B.R., Islamabad, under the signature of Ahad Nawaz, Secretary (STP)
addressed to Mr. Tariq S. Sehgal, President, The Lahore Chamber of Commerce & Industry,
Lahore.]
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C.No.2(4)Secy(STP)/96 DATED 29 TH SEPTEMBER, 1996
SUBJECT:- AN AMENDMENT IN THE TAX RETURN FORM-CARRYING
FORWARD OF INPUT TAX TO THE SUBSEQUENT TAX
PERIOD.
In pursuance to the taxpayer‘s demand it has been decided that in case the
amount of input tax exceeds the output tax the taxpayer will be given an 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 tax return filed by a taxpayer indicates that the input tax credit
has been carried forward scrutiny may be undertaken to ascertain that the amount carried
forward as indicated in the tax return has been correctly worked out and is admissible
under the law. If it is found that the amount carried forward is not admissible under the
law or a lesser amount is admissible, proceedings may be initiated against the taxpayer
under the law. A show cause notice may be issued, the taxpayer may be heard and an
order may be passed wherein the amount to be carried forward as is admissible under the
law will be determined. If the taxpayer agrees with the determination made by the
concerned officer, this amount may be recorded. Once an order is passed the taxpayer
will accordingly make a correction and enter the amount so determined in column 05 of
his tax return for the next tax period.