Sales Tax Instructions

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Sales Tax Instructions, 2009
Rule 5(1) of the Retail Tax Rules, 1998 has been amended to allow the
retailers whose annual turnover is between Rs.5 million to Rs.10 million
to maintain such records as have been notified for retailers paying
turnover tax (please see the proviso to rule 5 of the Turnover Tax Rules,
1999). Further two amendments have been made in the annex ‗B‘ of the
Retail Tax Rules, 1998 to replace TIN with NTN and to rectify the error
of the tax period by substituting the word ‗QUARTER‘ with the word
‗MONTH‘. In this regard Notification No. SRO 399(I)/ 2001, dated 18 th
June, 2001 may please be perused;
The Debit and Credit Notes and Destruction of Goods Rules, 1996 have
been amended vide Notification No. SRO 400(I)/ 2001, 18 th June, 2001
to harmonize their scope with the provisions of section 9. However,
destruction of goods unfit for human consumption has been subjected to
prior permission from the Collector and supervision by a Sales Tax
officer not below the rank of Assistant Collector;
(xviii) Facility of zero-rating has been allowed on supplies made to exporters
under the Duty and Tax Remission Rules, 2001, subject to the
observance of procedures, restrictions and conditions prescribed in the
said rules. A separate Notification No. SRO 401(I)/2001, dated 18 th June,
2001 has been issued to fix the tax liabilities of the exporter availing
concessions under the said rules in case of his failure to account for the
goods purchased on zero-rate;
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Amendments have been made in the entries in column (2) of Serial Nos.
14 and 15 of the Sixth Schedule as necessitated by the reduction in the
rates of customs duty below 10% on certain raw materials so as to keep
the extent and scope of sales tax exemption on pharmaceutical inputs
intact. It may be clarified that these amendments are only for the
identification of pharmaceutical inputs for the purpose of future
application and do not entitle any person to refund of tax already paid by
or recovered from him on such inputs;
An amendment has been made in item No.(ii) of ‗Annex B‘ of the
Registration, Voluntary Registration and Deregistration Rules, 1996
under SRO 402 (I)/2001, dated 18 th June, 2001, to rectify the omission of
not changing the due date in the budget 1998-99;
Notification No. SRO 579(I)/2000, dated 21 st August, 2000 under which
local supplies of palm oil and soyabean oil were exempted from sales tax
with effect from 12 th June, 1998 has been rescinded (being redundant due
to change in the Sixth Schedule) vide SRO 403(I)/2001, dated 18 th June,
2001;
(xxii) From the Notification No. SRO 849(I)/97, dated 25 th September, 1997,
the superfluous words ‗fixed tax‘ have been omitted vide SRO
404(I)/2001, dated 18 th June, 2001. Similarly, superfluous words have
been omitted from the Filing of Monthly Returns Rules, 1996 vide SRO
405(I)/2001, dated 18 th June, 2001.