Sales Tax Instructions

Sales Tax Instructions, 2009
C. No. 4(80)STB/98. DATED 14 TH OCTOBER, 2005.
SUB\\\JECT: ADJUSTMENT OF INPUT TAX BY PAYPHONE/CELLULAR
PHONE/ CALLING CARD COMPANIES AND WLL SERVICE
PROVIDERS ON ACCOUNT OF PTCL BILLS.
Consequent upon issuance of SRO 1004(I)/2005 dated 23.09.2005, a number of
companies providing the subject telecommunication services have approached the
Central Board of Revenue stating that since PTCL bills are received by them on 15 th day
of the following month and are payable by 24 th day of the following month, it is not
possible for them to make adjustment of input tax on account of PTCL bills by 21 st day of
the following month by which date they are required to pay the Federal excise duty on
their prepaid telecommunication services under SRO 1004(I)/2005 dated 23.09.2005.
2. The Board is pleased to clarify that for the purpose of input tax
adjustment, utility bills are adjustable during the month in which the bills are paid.
Therefore, for calculating their net tax liability for a tax period, the persons rendering or
providing telecommunication services are required to make input tax adjustment on
account of PTCL charges on the basis of the bills paid during the same tax period. In this
way, such persons shall have ample time at their disposal to calculate their net tax
liability and make payment of Federal excise duty in respect of the prepaid
telecommunication services provided during a month, by 21 st day of the following month.
[Issued by the CBR, Islamabad, under the signature of Wajid Ali Secretary, ST&FE-
Budget, addressed to all Collectors]
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C. No. 5/8-STB/2005 DATED 18 TH OCTOBER, 2005
SUBJECT:
CLARIFICATION REGARDING SALES TAX ZERO-RATING
UNDER SRO 527(I)/2005 DATED 06.06.2005.
I am directed to enclose a copy of letter No. Fico/CBR-ST/05/812 dated
13.10.2005 on the subject cited above and to clarify that the supply of insulated electrical
conductor of PCT heading 8544.0000 is chargeable to sales tax @ 15% and the said item
is not zero-rated under SRO 527(I)/2005.
[Issued by the CBR, Islamabad, under the signature of Mr. Wajid Ali, Secretary (ST&FE-
Budget), addressed to the Collector, Collectorate of Customs (Appraisement), Custom House,
Karachi]
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C.NO.6(1)PAC/AC/IDT/2005 DATED 25 TH OCTOBER, 2005
SUBJECT:
VERIFICATION OF COMPLIANCE