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Sales Tax Instructions

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<strong>Sales</strong> <strong>Tax</strong> <strong>Instructions</strong>, 2009<br />

of the Table to the above referred notifications include the element of sales tax and the<br />

products are assessable on a value equal to the prescribed price (Col.2)+Development<br />

Surcharge included in Fixed <strong>Sales</strong> Price (Col.5)+Inland Freight Margin (Col.6). In other<br />

words, the sales tax at 15% can be calculated by dividing F.S.P or fixed sales price (col.3)<br />

by 115 and multiplying it by 15;<br />

<strong>Sales</strong> <strong>Tax</strong> = FSP 115 x 15<br />

However, in case of Furnace Oil, the fixed sale price shown in column (3) of the<br />

notifications is not inclusive of sales tax and therefore sales tax is to be charged<br />

over and above the fixed sale price of Furnace Oil, notified in the above said<br />

notifications. JP-1 fuel is exempt from sales tax. Crude Petroleum Oils are liable<br />

to sales tax at 15%.<br />

3. The de-regulated POL products like Aviation Fuel 100/110 LL,<br />

lubricants, greases, solvents, etc for which the fixed sale price is not notified, are also<br />

chargeable to sales tax and the value of supply in such cases will be inclusive of all the<br />

duties and taxes excluding sales tax in terms of clause (46) of section 2 of the <strong>Sales</strong> <strong>Tax</strong><br />

Act, 1990.<br />

4. You are requested to kindly ensure that the POL products are correctly<br />

assessed on the basis of prices/values notified in the enclosed notifications in case of<br />

regulated items and on the basis of value of supply as provided in clause (46) of section 2<br />

of the <strong>Sales</strong> <strong>Tax</strong> Act, 1990 in case of products whose prices have been de-regulated.<br />

Encl:- (03 notifications) As above.<br />

[Issued by the CBR, Islamabad under the signature of Mr.Zulfiqar A. Kazimi, Secretary<br />

(STR), addressed to all the Collectors of <strong>Sales</strong> <strong>Tax</strong>/Mirpur (AJ&K), Collectors of Customs<br />

(Appraisement)/ (Preventive)/ (Port Qasim), Karachi, Collector of Customs (Appraisement),<br />

Lahore/all the Collectors of Central Excise.Ccopy endorsed to Secretary (STE), CBR.]<br />

********<br />

Government of Pakistan<br />

Ministry of Law, Justice & Human Rights<br />

F.No.2(1)/99-Pub. Dated 17 th December, 1999.<br />

To amend certain tax laws<br />

The following Ordinance made by the President<br />

is hereby published for general information:-<br />

ORDINANCE NO.XXII of 1999<br />

AN<br />

ORDINANCE<br />

WHEREAS, it is expedient to amend certain tax laws for the purposes hereinafter<br />

appearing;

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