Sales Tax Instructions

(iv)
petroleum products.‖
Sales Tax Instructions, 2009
3. Amendment of section 13, the Sales Tax Act, 1990. – In the said Act, in section
13, in sub-section (1):-
(iii) for the word ―Board‖, the words ―Federal Government‖ shall be substituted; and
(iv) for the full-stop at the end, a colon shall be substituted and thereafter the
following shall be added, namely:-
―Provided that the Federal Government may, be notification in the official Gazette,
withdraw any exemption granted under the Sixth Schedule to the extent specified in the
notification:
Provided further that the aforesaid power to withdraw an exemption shall not be
construed to include the power to review or to restore the exemption so withdrawn.‖
4. Amendment of section 71, the Sales Tax Act, 1990. – In the said Act, in section
71, in sub-section (2) shall be omitted:-
5. Amendment of the Fifth Schedule, the Sales Tax Act, 1990. – In the said Act,
in the Fifth Schedule, against S. No.5 in column (1), in column (2), for the words ―and
components for‖, the comma and words, ―, Components and goods for further‖ shall be
substituted.
Mr. Muhammad Rafiq Tarar
President.
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C. NO.3/41-STB/99 DATED 17 TH AUGUST, 1999
SUBJECT:- ―VALUE OF SUPPLY‖ FOR SALES TAX PURPOSES.
I am directed to refer to your letter No.VP/Q-41/14631, dated 09-08-1999 on the
above subject and to say that no delegation met the member (Sales Tax) on the subject
issue except that a KCC&I delegation led by Mr. Javed Muslim met the Chairman
Member (Coordination) and Member (Sales Tax) in CBR, Islamabad, on 9 th August,
1999, and made a mention about such a valuation/assessment mechanism/ formula.
2. The ―value of supply‖ is defined under section 2(46) of the Sales Tax
Act, 1990. No mechanism/formula, not recognized by the said section 2(46) of the Sales
Tax Act, 1990, can be approved for general applicability.
3. Sales Tax is administered in VAT-mode. The real value-added postimportation
has to be added to the base value. It is requested that the Federation may
kindly advise all Chambers, Associations and members to pay the tax on the ―value of
supply‖ as defined in section 2(46) of the Sales Tax Act, 1990 in a VAT-mode based on
genuine invoices.
[Issued by the CBR, Islamabad, under the signature of Mr. Zulfiqar A. Kazmi, Secretary
(Sales Tax), addressed to Mr. Mahmood Ahmad, Vice President Federation of Pakistan Chambers
of Commerce & Industry, Karachi.]
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C. NO.3(62)STP/97, Pt. DATED 17 TH AUGUST, 1999