Sales Tax Instructions

Sales Tax Instructions, 2009
I am directed to refer to your letter dated 22.01.2002, on the subject cited above
and to say that Board‘s clarification of even number dated 13.12.2001 is quite specific in
that the requirement under the proviso to section 73 that payment be transferred through
banking channels within 120 days of issuance of tax invoice does not apply to goods
exported from Pakistan. The goods purchased by the exporters are definitely subject to
provisions of section 73. Your understanding in this regard is therefore, not correct. You
are advised to maintain relevant sales tax records and to produce them to the department
on demand.
[Issued by the CBR, Islamabad under the signature of Dr. Ashfaq Ahmed Tunio,
Secretary ST-L&P addressed to M/s. M.J. Industries (Pvt) Ltd., Lahore.]
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C.NO. 3(1)STP/2000(Pt-I)(Vol-I) DATED 12 TH FEBRUARY, 2002
SUBJECT:-
CLARIFICATION REGARDING SRO 124(I)/2000.
I am directed to refer to your letter dated 06.02.2002, on the subject cited above
and to say that the issue has been examined in the Board. It is observed that M/s Salim
Yarn Mills (Pvt) Ltd., purchased a sick unit namely M/s Shehryar Textile Mills, through
Court auction upon its liquidation. The Court has issued a Sale Certificate to this effect
and the buyers are making payment in installments.
2. Board is pleased to clarify that in such cases where there is a Sale
Certificate of a Court and the buyer is abiding by its conditions and making regular
payments, the electric meter installed in the unit is in the name of the original owner, but
the electricity bills mention sales tax registration number of the buyer, the Sale Certificate
may be treated as ‗lease agreement‘ for the purpose of the Special Procedure for
Collection and Payment of Sales Tax (Electric Power) Rules, 2000, and input tax
adjustment is allowed against such electricity bills, in terms of section 7 of the Sales Tax
Act, 1990.
[Issued by CBR, Islamabad under the signature of Dr. Ashfaq Ahmed Tunio, Secretary
(ST-L&P), addressed to M/s Ibrahim Shaikh & Co., Chartered Accountants, Karachi.]
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C.NO. 2(38)STP/97(Vol.I) DATED 13 TH FEBRUARY, 2002