Sales Tax Instructions

Sales Tax Instructions, 2009
(v)
(vi)
documentary evidence indicating that they own or have taken a plot on
lease where the machinery will be installed; and
project feasibility report, bank loan documents or some other evidence to
the effect that a unit is being set up for production of taxable goods.
2. If on the basis of the above documentary evidence, the Collector is
satisfied that the applicants are in the process of setting up a manufacturing facility for
production of taxable goods they may be registered as a manufacturer, and if they are
already registered, necessary amendment may be made in their certificate of registration.
[Issued by the CBR, Islamabad under the signature of Dr. Ashfaq Ahmed Tunio,
Secretary (ST-L&P) addressed to the Collector of Sales Tax Faisalabad. Copy endorsed to all the
Collectors of Sales Tax.]
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C.No.3(36)STP/99(Pt.II) DATED 28 TH DECEMBER, 2001
SUBJECT:-
IMPLICATION OF SECTION 73 OF THE SALES TAX ACT.
I am directed to refer to your letter C.No.IVA-ST(12)EST/04/2001/ 3457, dated
1 st December, 2001, on the subject cited above and to say that the various issues and
difficulties concerning section 73 of the Sales Tax Act, 1990 are under consideration of
the Board and appropriate action will be taken in due course.
2. However, the Board is pleased to clarify that if a banking instrument has
been issued within 120 days but encashed later, input tax should not be denied. Section
73 refers to ‖transfer of the payment in favour of the seller from the business account of
the buyer‖. The section does not require deposit of the tax in the account of the supplier