Sales Tax Instructions

Sales Tax Instructions, 2009
additional tax plus penalty) in installments, the installment facility may be allowed
subject to the following conditions:-
(viii)
(ix)
(x)
(xi)
(xii)
(xiii)
(xiv)
a substantial portion of the arrears in paid up-front immediately on
finalization of such agreements;
installments should be payable at shorter intervals i.e. weekly
installments or fortnightly installments should be preferred;
current dues and taxes of such defaults should not go in default during
the installment period;
installment facility shall be secured to the personal satisfaction of the
Collector, against an indemnity bond on a Rs.30 (or proper higher
denomination, as may appropriate) non-judicial stamped paper. The
indemnity bond should be supplemented by 2 surety bonds, with verified
surety of identifiable solvent persons.
in case of default of any one of the installments as agreed, or in case of
default of any current dues of duties/taxes, all the arrears shall become
recoverable in lump sum without any notice, without any prejudice to
prosecution action under clause (a) of section 37-C of the Sales Tax Act,
1990;
this installment facility shall not be construed as exemption or waiver or
concession of additional tax/surcharges/penalties/ charges that accrue on
such arrears under the law/rules; and
such other condition, as you may deem fit and appropriate.
4. Where such an installment facility is allowed and first up-front down
payment is made, the details of installments facility may be intimated to the CBR
alongwith photo copies of the indemnity bond, surety bonds, etc, for exclusion of their
name from the defaulter‘s list.
5. Recovery of such installment facilities should be closely monitored by
the Collectorate very regularly and any delay/default should be actioned under the
law/rules immediately, under intimation to CBR.
[Issued by the CBR, Islamabad under the signature of Mr. Akhtar Zaman Khattak,
Secretary (STM) addressed to all the Collectors of Sales Tax.]
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C. NO.1(33)STP/93, Pt. II DATED 29 TH NOVEMBER, 1999
SUBJECT:-
GRANT OF EXEMPTION FROM ADDITIONAL TAX AND
PENALTIES UNDER SECTION 34-A OF THE SALES TAX ACT,
1990 AGAINST PAYMENT OF THE PRINCIPAL AMOUNT IN
INSTALLMENTS
I am directed to refer to your letter C. No. Nil dated 15.11.1999 on the above
subject and to say that the Federal Government has not acceded to your request for
exemption from payment of penalties and additional tax.