Sales Tax Instructions

Sales Tax Instructions, 2009
(SUB-PARAS (4), (5) & (6) OF PARA 148 OF FM‘S BUDGET SPEECH)
148. Being mindful of the difficulties which this transition creates for retail traders, it has
been decided to offer the following special facilities to the retailers:
(1) Retailers with annual turnover between Rs.5-10 million, through they will be required to
register, their record keeping will be simplified in accordance with the records maintained by the
enrollment category retailers;
(2) A notification is being issued to the effect that no retailers will be imposed may penalty
under the sales tax law for any reason for transactions upto 03.6-2000. This facility will also be
applicable to those retailers who were registered enrolled or enlisted after 1 st July, 2000;
(3) The audit parameters to be evolved for retailers would ensure minimal and simplified
scrutiny with inclusion of a representative of traders.
(4) The sales of such registered enrolled retailers will be accepted by the income tax
department, provided that the same are in accordance with the determination during the tax
survey and are not less than the turnover previously accepted or determined by the income tax
department. Where turnover is enhanced during the process of audit, the same will apply for
income tax. It is clarified that declared turnover of such registered and enrolled retailers will not
be used by income tax authorities to reopen previous assessments;
(5) Explicit instructions are being issued that with effect from the date of registration,
enrollment or enlistment of any retailer, the income shall not be determined under GP rate
system; and
(6) From among those who register or enroll as retailers in the coming financial year, the
number of taxpayers selected for audit by the income tax department will be upto 5%, though the
government will strive to achieve the level of upto 20% audit in the case of all other taxpayers.
********
ANNEX-B
GOVERNMENT OF PAKISTAN
COLLECTORATE OF ……………………………..
C. No…………………………… ……………….2001
From:-
To:
The Assistant Collector,
(Registration & Enrollment)
Collectorate of ………………………
…………………..…………………..
M/s…………………………………..
SUBJECT:-
INVITATION TO REGISTER/ENROLL AS RETAILER