Sales Tax Instructions

(viii)
Sales Tax Instructions, 2009
input tax adjustments, the sales tax charged and collected by you from
the buyers; and
comply with the requirements of the Sales Tax Act, 1990, and the rules
made thereunder.
2. Since the sales tax on ginned cotton is to be paid by TCP, the TCP is
advised (in its own interest) to issue bank draft/pay order equal to the amount of sales tax
involved in favour of the Collectors of Sales Tax, separately for each Collector, having
registration jurisdiction over the Ginners from whom purchases were made by you:-
Name of Collector
Has registration jurisdiction over Ginner whose
registration number (as on invoice) begins with
Collector of Sales Tax Hyderabad 01
Collector of Sales Tax Multan 04
Collector of Sales Tax Faisalabad 08
Collector of Sales Tax Lahore 03
3. While a separate Bank draft/pay order may be made for purchases from
each Ginner, you may (at your convenience) preferably issue one consolidated Bank
Draft/Pay Order, for each Collectorate, for each calendar month‘s purchase in such a
manner that such a duly-crossed Bank Draft/Pay Order must reach the respective
Collector of Sales Tax alongwith enclosed proforma by the 10 th day of every month
following the calendar month to which the purchases relate. If the T.C.P. fails to deposit
the duly crossed Bank Draft/Pay Order within the due time it shall be liable for penal
action as per provisions of section 33 and 34 of the Sales Tax Act, 1990.
4. In case you find any problem or need any clarification, you may
approach the concerned Collector of Sales Tax for guidance.
[Issued by the CBR, Islamabad under the signature of Mr. Zulfiqar A. Kazmi, Secretary
(STP) addressed to Trading Corporation of Pakistan, Karachi. Copy to Secretary, Ministry of
Commerce, Islamabad and Collectors of Sales Tax, Hyderabad/Multan/Faisalabad/Lahore.]
********
DETAIL OF SALES TAX DEPOSITED BY T.C.P.
DATE: _________
S.N
o
Name of
Ginning
Unit(s)
from
which
cotton is
purchase
d
Registr
ation
Numbe
r of the
Ginnin
g
Unit(s)
Invoice
Numbers
and dates
issued by
the
Ginning
Units(s)
Quant
ity of
cotton
purch
ased
Value
of
cotto
n
purch
ased
Amo
unt
of
sales
tax
@
15%
(1) (2) (3) (4) (5) (6) (7) (8)
1
2
No. of the
Cheque/Draft/P
ay Order and
date (give bank
and branch
name also) with
amount in
words.