Sales Tax Instructions

Sales Tax Instructions, 2009
2. This amendment shall take effect from 15 th June, 2002.
[Issued by the CBR, Islamabad under the signature of Syed Tanvir Ahmad, Secretary
(STB) addressed to all the Collectors, the Collector Muzaffarabad/ Mirpur, Azad Jammu &
Kashmir.]
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C.NO. 4/1-STB/2001 DATED 7 TH AUGUST, 2002
SUBJECT:- COLLECTION OF SALES TAX FROM STEEL MELTERS &
STEEL RE-ROLLING MILLS.
I am directed to refer to Board‘s letter No. 4/85-STB/97 dated 24.04.2001 on the
above subject and to enclose a copy of procedure proposed on 16.07.2002 by M/s
Pakistan Steel Melters Associations, Lahore. It has been decided that the following
proposals made by the Association may be implemented:
(1) A committee headed by an Assistant Collector may be set up in each
Collectorate to hold a meeting on 20 th of each month to examine that the
registered persons engaged in manufacture and supply of ingots/billets
had shown production and supplies in the records and paid sales tax as
per following criteria suggested by the Association:
(a)
(b)
Production recorded is at least equal to the quantity worked out
as per following formula:
Quantity in metric tons = Number of Electricity units billed ÷
800
Net sales tax has been paid @ Rs.260 per ton by 15 th of each
subsequent month as per procedure/proposal of the Association.
(2) Registered persons who are either not member of the Association or do
not follow the procedure proposed by the Association shall be audited to
ascertain that:
(a)
(b)
All inputs have been purchased against valid sales tax invoices
showing transfer of amount from the account of buyer to the
account of registered seller. A statement showing the name of
supplier, registration No., Invoice No., and date, description of
goods, quantity, value, amount of sales tax and the particulars of
banking instrument vide which the amount has been transferred
will be prepared for cross checking that the supplies shown in
the record had actually supplied the inputs to the registered
person.
All outputs/finished products have been supplied against a valid
sales tax invoice and sale proceeds have been received through
the banking channel. A statement showing name and registration
No. of supplier, invoice No., and date, description of goods,
quantity of goods, value of goods, sales tax amount and the