06.03.2018 Views

Sales Tax Instructions

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

<strong>Sales</strong> <strong>Tax</strong> <strong>Instructions</strong>, 2009<br />

which 98%unit where changed. It was emphasized that the Collectors may be<br />

advised to provide the record of changed. it was emphasized that the<br />

collectors may be advised to provide the record of such unit as called for by<br />

the auditor general ‘s department;<br />

<br />

The RRA may be provided access to the computerized data available in CBR<br />

and other Collectorates, so as to benefit from the data and record available on<br />

computer.<br />

2. It is therefore advised that the all concerned may please be direct to<br />

provide full cooperation and desired record, information to the audit teams of the Auditor<br />

General‘s Department.<br />

[Issued by the CBR., Islamabad, under the signature of Mr.Aftab Ahmed Razzaqi,<br />

Secretary (ST-AS), addressed to the Collector of <strong>Sales</strong> <strong>Tax</strong> & Central Excise (Audit), <strong>Sales</strong> <strong>Tax</strong><br />

House, Karachi and the Collector of Customs, <strong>Sales</strong> <strong>Tax</strong> & Central Excise, Hyderabad/Quetta /<br />

Multan.]<br />

********<br />

C. NO.3(7)STL&P/05 DATED 21 ST JULY, 2005<br />

SUBJECT: SRO 538(I)/2005 DATED 06.06.2005 CLARIFIACATION<br />

REGARDING<br />

I am directed to refer to the subject above and to state that in order streamline the<br />

sanction of refund of sales tax paid on stocks in view of the aforesaid notification and for<br />

adopting. a uniform calculation method for the same it is clarified that methodology of<br />

FIFO shall be adopted for adjusting the stock on which refund has already been paid by<br />

taking into account subsequent export. For instance if the refund was paid on stock in the<br />

month of March, 2005, the same is to be adjusted first against export in the month of<br />

April, 2005 and in case their remains any balance, the same will be adjusting against<br />

export made in the subsequent month. In cases where refund on stocks is fully accounted<br />

for against subsequent exports, fresh claims should be sanction, if admissible, as per<br />

prevalent law.<br />

2. It should also be noted that vide SRO 415(I)/2005 dated 12.05.2005 the<br />

refund of input tax was restricted to the extent of input tax which was utilized in the zerorated<br />

goods. Now, the major chunk of exports is expected to be out of the stocks, which<br />

were available with the exporters prior to 12.05.200. In order to pre-empt any double<br />

refund is required to be sanctioned only after adjusting the refund that has already been<br />

paid on the stocks available before 12.05.2005 in according with the FIFO method<br />

explained in the Para above.<br />

[Issued by the C. B. R., Islamabad, under the signature of Dr. Iftikhar Ahmed, Secretary<br />

(STT), addressed to the Collector of <strong>Sales</strong> <strong>Tax</strong> & Federal Excise (Enforcement), Audit, Karachi /<br />

Lahore / Faisalabad / Gujranwala / Rawalpindi / Peshawar, the Collector of Customs, <strong>Sales</strong> <strong>Tax</strong>

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!