Sales Tax Instructions

Sales Tax Instructions, 2009
to say that the Government had announced a stock amnesty scheme vide SRO
614(I)/2000, dated 2 nd September, 2000 (as amended vide SRO 651(I)/2000, dated 20 th
September, 2000) for the benefit of the persons who were in possession of undeclared
stocks.
2. The retailers who held stocks of goods imported in baggage, smuggled or
incorrectly declared at the time of import and who did not have proper sales tax invoices
in their name for such stocks were also entitled to the benefit of the said notification.
Such retailers had option to either get registration and operate under normal sales tax
scheme by paying sales tax on the minimum value addition of 10% on the sale of such
stocks or to pay turnover tax @ 2% (for the year 2000-2001 if their annual turnover
exceed Rs.5 million) without availing any input tax adjustment. Enlistment tax (@ 1%)
facility was also made available to such retailer. The past liabilities of such retailers were
not to be questioned.
3. The persons who did not avail the said amnesty scheme are not entitled
to any special relaxation under the law.
[Issued by the CBR, Islamabad under the signature of Dr. Ashfaq Ahmed Tunio,
Secretary (ST L&P) addressed to the Collector of Sales Tax (East), Karachi. Copy endorsed to all
the other Collectors of Sales Tax.]
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C.No.3(9)STP/99(Pt) DATED 28 TH FEBRUARY, 2001
SUBJECT:-
SALES OF MACHINERY/ACCEPTANCE OF INDEMNITY
BOND UNDER SRO.987(I)/99 DATED 30.08.1999.