Sales Tax Instructions

Sales Tax Instructions, 2009
SUBJECT:-
ADJUSTMENT OF CARRIED FORWARD INPUT TAX CREDIT
AGAINST UNPAID OUTSTANDING AMOUNT OF TAX
(ARREARS)
I am directed to refer to your letter C.No.1258/ST/Audit-IV/2003/378 dated 18-
03-2004 on the subject cited above and to say that the Board is pleased to approve the
Collectorate‘s proposal and action of making audit recoveries from outstanding carry
forward amounts. However, care must be taken that the carry forward amount is correct.
Therefore, audit may be conducted to the extent required to verify the correctness of the
amount carried forward.
[Issued by the Government of Pakistan, (Revenue Division), Central Board of Revenue,
[Sales Tax Wing], under the signature of Dr. Ashfaq Ahmed Tunio, Secretary (ST-L&P),
addressed to the Collector, Collectorate of Sales Tax & Central Excise, Lahore. Copy to all
Collectors alongwith copy of Collector Lahore‘s letter referred to above.]
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C. No. 4(35)STM/2003 DATED 3 RD APRIL, 2004
SUBJECT:-
REQUEST FOR RECONCILIATION OF AUDIT OBSERVATION
ISSUED TO M/S. USMANCO INTERNATIONAL BY
COLLECTORATE OF SALES TAX & CENTRAL EXCISE
(EAST), KARACHI.
I am directed to refer to your letter C.No.33/I&P/UI/99/679 dated 25.02.2004 on
the subject cited above and to say that the following observations have been made by the
Board on the same:
(i)
(ii)
(iii)
That whereas the information sent by the Board under its letter
C.NO.5(242)/STM/99 dated 18.12.1999 contained a number of
allegations, the audit observations made by the Collectorate only relate to
amounts received in the bank and non-payment of further tax.
Apparently, the Collectorate was not able to find any evidence for the
malpractice alleged by the informer. If any evidence was found, Board
may be informed;
No contravention was made out and no show cause notice was issued in
this case. Therefore, the relevance of section 26 is not understood;
M/s. Usmanco International have produced copies of two letters
addressed to the Collectorate dated 02.02.2002 and 13.04.2000
respectively, showing official receipt stamps of the Collectorate, wherein
they had clearly stated that the payment under amnesty was under
protest, explained reasons for the bank receipts, and requested for
reconciliation. The Collectorate has not informed what action, if any,
was taken on these letters;