Sales Tax Instructions

(ii)
Sales Tax Instructions, 2009
to provide in section 73 that transactions made on credit would be
permissible in accordance with the existing mercantile practice and the
terms of dealing between buyers and sellers.
4. Pending the bringing about of necessary change in the text of the law as
mentioned at para 3 above, it is directed as under:-
(i)
(ii)
(iii)
(iv)
That no infringements/contraventions should be framed for deduction of
input tax under section 7 by holders of bonafide tax invoice in the same
tax period when the holder gets such invoice. Such deduction/adjustment
should be allowed;
That all existing proceedings covered under (i) above, whether under
adjudication or otherwise under scrutiny/preparation in the Collectorates,
should be stayed until necessary changes are brought about. Instructions
will then be issued to formally settle all such matters;
Not to question transactions on grounds of having been made on credit;
and
To hold in abeyance all adjudication or other proceedings covered under
(iii) above.
5. These instructions have the approval of the competent authority.
[Issued by the CBR, Islamabad under the signature of Mr. Iftikhar Qutab, Chief (ST-II))
addressed to all the Collectors of Sales Tax. Copy endorsed to all the Collectors of Sales Tax of
Adjudication/FPCCI/all CCI/APTMA/ALCEA.]
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C.No.1(3)STR/2000 DATED 24 TH APRIL, 2001
SUBJECT:-
ADJUSTMENT OF INPUT TAX PAID ON ELECTRICITY BILL
BY COTTON GINNERS UNDER SRO.1271(I)/96, DATED 10 TH
NOVEMBER, 1996.
I am directed to refer to your letter No.Ref/ST/111/2001/2098, dated 31 st
January, 2001 and subsequent letter No. Ref/ST/111/2001/5947, dated 9 th April, 2001, on
the subject noted above and to state that under the Special Procedure for Ginning Industry
Rules, 1996, a ginner is required to deposit the bank drafts sent by the spinners/exporters