Sales Tax Instructions

Sales Tax Instructions, 2009
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(x)
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final return as per orders of the Collector on his application for
deregistration.
Section 46 has been amended to allow the registered person to deposit
15% of the adjudged principal amount only before filing of appeal
against the order. However, the power of appellate authorities to grant
stay have been kept intact.
Section 73 has been changed completely. Now taxpayer has to show
payment of sales tax only on transaction above Rs.25,000 through
banking instrument. Restriction of payment within 120 days has also
been removed.
Alternate Dispute Resolution facility had been provided to the taxpayers
by insertion of section 47A. In order to ensure neutral status of the
committee and to avoid delays in the settlement of disputes by the
committee and unanimous recommendations of the committee have been
made binding on the Board as well as the applicant. Moreover, the cases
subjudice before the courts have been excluded from the purview of the
committee.
B. REVENUE MEASURES.
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(ii)
(iii)
(iv)
Section 7 has been amended under which adjustment of further tax
against output tax has been disallowed. Now, further tax charged on
supplies has to be deposited alongwith return for the tax period.
Exemption on imported edible oil seeds has been withdrawn with
immediate effect. Relevant entries in the Sixth Schedule have been
omitted. Moreover, oil seeds have been made chargeable to sales tax @
20% on their import and entries relating there to have been made in
SRO-389(I)/2001, dated 18 th June, 2001. Moreover, sales tax exemption
on locally produced crude vegetable oil from imported seeds has also
been withdrawn by amending serial No. 6 of the Sixth Schedule to the
Sales Tax Act, 1990.
Some new entries have been added in SRO-389(I)/2001, dated 18 th June,
2001 through SRO-510(I)/2003, dated 7 th June, 2003. Some entries have
also been omitted and the raw materials mentioned therein have been
clubbed together with their main PCT headings. However, no item has
been deleted from the purview of sales tax @ 20%.
SRO-215(I)/2001, dated 11 th April, 2001 has been superseded by SRO-
507(I)/2003, dated 7 th June, 2003. Under this SRO, the goods
manufactured by consuming raw materials, parts, sub-components and
components imported under various concessionary notifications issued
by the CBR, Islamabad under section 19 of the Customs Act,, 1969 or
under section 13 of the Sales Tax Act, 1990 shall not be supplied to any
person who is not registered or enrolled and if such supplies are made,
the importers shall not be entitled to reclaim or deduct input tax in