Sales Tax Instructions

Sales Tax Instructions, 2009
determination of turnover, value, wealth, income or tax liabilities under
the laws administered by the Central Board of Revenue,-
(a)
in the case of a person holding National Tax Number, in respect
of financial year in which survey is carried out and for preceding
financial years commencing on or after the first day of July,
1999; and
(b) in other cases, in respect of financial year in which
survey is carried out and preceding financial years.‖; and
(2) for section 5, the following shall be substituted, namely:-
―5. Cognizance of offence, etc.- (1) Notwithstanding anything contained in the Code
of Criminal Procedure, 1898 (Act V of 1898),-
(c) no Magistrate other than an Executive Magistrate of the
first class shall try an offence under this Ordinance;
(d) a Magistrate trying an offence under this Ordinance shall
have the power to try such offence summarily in
accordance with the procedure laid down for summary
trial in the said Code.
(2) Notwithstanding anything contained in section 32 of the Code of Criminal
Procedure, 1898 (Act V of 1898), it shall be lawful for an Executive Magistrate of the
first class to pass any sentence authorised by this Ordinance.‖.
(11) after section 61, the following new section shall be inserted, namely:-
―61A. Utilisation of certain information.- The value of stock-in-trade
determined or any other information obtained or collected during survey
of any business or profession, carried out under the Survey for
Documentation of National Economy Ordinance, 2000, may be used for
purposes of assessment or re-assessment of total income of the income
year during which the said survey is carried out and any preceding
income year not being earlier than the income year ending 30 th day of
June, 2000, unless there is sufficient evidence provided by the assessee
to show that the value of stock-in-trade or other information as aforesaid
was substantially different in respect of the preceding income year as
aforesaid‖;
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Ministry of Law, Justice & Human Rights
No. 633/2000-Law DATED 3 RD JUNE, 2000
SUBJECT:-
LEVY OF SALES TAX ON DISPOSAL/SUPPLY OF TAXABLE
FIXED/MOVEABLE ASSETS BY THE REGISTERED PERSONS.
The undersigned is directed to refer to Central Board of Revenue‘s letter
No.3(54)/STP/99, dated the 24 th May, 2000, on the above subject and to state that the
sale, auction or otherwise disposal of goods, moveable/fixed assets (including land,
building, plant/machinery, equipment or vehicles) by a registered person shall not be