Sales Tax Instructions

Sales Tax Instructions, 2009
not been fully utilized/supplied in that tax period, to the next tax period in the column
meant for purchases after giving a cross reference to the period in which the supplies
were received from manufacturers.
[Issued by the CBR, Islamabad, under the signature of Dr. Muhammad Zubair, Secretary
(ST&FE-Budget), addressed to the Collector, Customs, Sales Tax & Central Excise,
Hyderabad/Quetta/Multan, the Collector, Collectorate of Sales Tax & Central Excise,
Lahore/Faisalabad/Gujranwala/ Rawalpindi/Peshawar, the Collector, (Enforcement) / (Hdqrs.) /
(Audit), Sales Tax House, Karachi & the Collector, Large taxpayers‘ unit (LTU), Karachi/Lahore
and copy endorsed to Mr. Nazakat Hussain, General Manager, M/s Colgate Palmolive (Pakistan)
Limited, with reference to his letter dated 15.07.2005.
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C. NO.3(7)STL&P/05 DATED 15 TH JULY, 2005
SUBJECT: SRO 538(I)/2005 DATED 06.06.2005–CLARIFICTION THEREOF .
In consequence of zero-rating of sale tax in certain sectors in the budget 2005-06,
notification SRO 538(I)/2005 dated 06.06.2005 was simultaneously issued providing tax
period ending 30 th June, 2005 as a cut-off date for declaration of stock, where after no
exporter of the relevant zero-rated sectors shall be entitled to claim any adjustment or
refund of sales tax paid on his stock. Iin view of certain queries received in the Board, it
is clarified that:
(i)
(ii)
(iii)
Notification SRO No 538(I)/2005 dated 06.06.2005 has been issued to provide
for smooth and quick switchover from refund regime to ‗no-sales tax no-refund
regime‘ in the zero-rated sector. This notification stipulates tax period ending 30 th
June, 2005, as a cut-off date for declaration of sales tax paid stocks, where after
no exporter shall not be entitled to claim any adjustment or refund of sales
tax paid on procuring tax paid stocks.
The benefit of refund or adjustment in respect of stocks declared under SRO
538(I)/2005 dated 06.06.2005 shall be admissible only in case such stock are
used for making exports up to tax period ending 30 th September, 2005. In case of
exporters other than those covered under STREAMS, the claims shall be
processed and sanctioned, if admissible, on FIFO basis after proper crossmatching
of input tax and verification of stocks if required.
In case of zero-rated exports where input other than those already zero-rated
under notification SRO 621(I)/2005 dated 17 th June, 2005 have been used after
acquiring the same on payment of tax, the refund in respect there of shall be
governed under the sales tax refund rules in vogue.
[Issued by the C. B. R., Islamabad, under the signature of Mr.Aamir Amin Bhatti,
Secretary (ST&FE-L&P), addressed to the All Collectors of Sales Tax & Federal Excise.]
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C. No. 1/51-STT/96 DATED 16 TH JULY, 2005