Sales Tax Instructions

Sales Tax Instructions, 2009
Special Procedures Rules, 2004 notified vide SRO 484(I)/2004 dated 12.06.2004 to
reduce the mandatory value addition from 14% to 5% for the purposes of payment of
sales tax on local supply of the scrap obtained from ship-breaking. Copies of the relevant
notifications are enclosed.
3. The aforesaid measures will reduce the landed cost of ship-scrap by
around Rs.1300/- per metric ton and thereby enable the ship-breakers to bid for higher
purchase prices in the world market.
[Issued by the CBR., Islamabad, under the signature of Dr.Muhammad Zubair, Secretary
(ST-L&P). Copy to Mr. Nasim Qureshi, Joint Secretary (E-1), PM Secretariat (Public),
Islamabad, CBR‘s U.O. No.3/13-STB/99, dated 29.01.2005.]
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C. NO.3(1)ST-L&P/2004
DATED 1 ST FEBRUARY, 2005
SUBJECT:
REFUND CLAIMS OF MEMBERS OF PVMA
I am directed to refer to the Collectorate of Sales Tax & Central Excise, Lahore‘s
letter C. No. T030703100280/1705 dated 10.01.2005 on the subject cited above and to
reiterate that the principle of FIFO should not apply to the extent of old refund claims
filed by the members of PVMA, which shall be disposed off in terms of Board‘s letters of
even number dated 08.10.2004 and 19.11.2004, as agreed by the Board during meeting
with the Pakistan Vanaspati Manufacturers‘ Association.
[Issued by the CBR, Islamabad, under the signature of Dr.Muhammad Zubair, Secretary
(ST-L&P), addressed to the Collector, Collectorate of Sales Tax & Central Excise, Lahore. Copy
to All Collectors of Sales Tax & Central Excise for similar action and the Secretary, PVMA,
Islamabad, with reference to his letter No.PVMA/1585/2005 dated 01.02.2005.]
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C. NO.3(1)ST-L&P/2001
DATED 2 ND FEBRUARY, 2005
SUBJECT:
M/S. HINOPAK MOTORS – PAYMENT OF ADVANCE
I am directed to refer to your letter dated 19.12.2004 on the subject cited above
and to say that in view of the hardship faced by your client, the Board conveys it‘s no
objection on issuance of only one sales tax invoice at the time of delivery of goods.
2. For the part payment received in a tax period, your client (M/s Hinopak
Motors) are allowed to issue a ―Formal Receipt‖ to the extent of the advances received,
indicating full particulars of the person from whom advance has been received.
However, sales tax chargeable on the advance/part payment shall be accounted for in the