Sales Tax Instructions

Sales Tax Instructions, 2009
SUBJECT:-
SOME POINTS RAISED BY FPCC & I REGARDING SALES
TAX
With reference to your un-numbered and unsigned fax massage, the following
comments on the aspects raised in the note are forwarded:-
Value of Supply
When the opinion of Law Division is received, the matter will be reviewed
further in consultation with the FPCC & I if they do not agree with the opinion of the
Law Division.
Special Audit
The Chairman, CBR has discussed this matter with the officials of the Auditor
General‘s Office with a view to resolving this matter. Further progress will be reported in
due course of time. So far as the frequency of audits and the audit of units also subject to
Central Excise is concerned, necessary instructions have been issued.
Limit of Turnover
Previously this limit was Rs. one million only which was enhanced to Rs.2.5
million in budget 1999-2000.
Time Limit for Record Keeping
The requirement to keep sales tax records for five years is the same as provided
in other taxation laws.
Shuttle less Looms
Shuttleless looms, board tapestry looms, air jet looms, water jet looms are all
registered for sales tax purposes. There is no discrimination within this sector. So far as
power looms are; concerned, the sizeable units among them are required to be registered
while the smaller units will not be pressed to get registered for he time being. The levy of
GST on electricity will provide sufficient incentive for even smaller power loom units to
get registered otherwise their competitiveness will be adversely affected.
[Issued by the CBR, Islamabad, under the signature of Mr.Lutufullah Virk, Chief (ST-II), being
addressed to Mr. Jameel Mahboob, Vice President, F P C C & I.]
********
SALES TAX GENERAL ORDER NO.10/1999.
C.No. 3(2)STP/99 DATED 29 TH SEPTEMBER, 1999
SUBJECT:- SUBMISSION OF APPLICATION FOR SALES TAX
REGISTRATION, FURNISHING OF RETURN-CUM-PAYMENT
CHALLAN AND ISSUANCE OF SALES TAX INVOICES, ETC,
IN URDU.