Sales Tax Instructions

Sales Tax Instructions, 2009
29. Din Textile Mills Ltd. 1200520504464 41100031691
41100032371
30. Gulshan Weaving Mills Ltd. 1206520500291 42100001390
42100001345
42100001389
31. Gulistan Spinning Mills Ltd. 1206520500473 41100028765
32. Gulistan Textile Mills Ltd. 1206520500137 42100001356
33. Kohinoor Textile Mills Ltd. 0702511100228 41100032014
34. M.K.Sons (Pvt) Ltd. 0405511118228 31100010598
[Issued by CBR, Islamabad under the signature of Mr. Rizwan Salabat ,Second
Secretary Tariff (ST&FE)
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C.No.3(13)STP/99-Pt DATED 22 ND FEBRUARY, 2008
SUBJECT:
DISPOSAL OF CASES OF EXCESS INPUT TAX (NON-ZERO-
RATED SUPPLIES)
I am directed to refer to Collectorate‘s letter C. No. IV/ST/Misc.Coor/453/07/695
dated 11.02.2008 on the subject noted above and to say that the issue raised therein has
been examined and the Board is of the view as under:
(i)
(ii)
The Board‘s letter of even number dated 22.11.2007 provides for refund of
excess input tax which could not be adjusted as provided under SRO
666(I)/2005 dated 30.06.2005 or SRO 813(I)/2005 dated 13.08.2005. Such
cases of refunds fall in purview of clause (c) of rule 26 of the Sales Tax
Rules, 2006, and rule 34, ibid, is also applicable. Column (1) to (9) of the
Table in the said rule, require inventory or taxable inputs for three relevant
months. Since, it may not be possible to provide inventory of all taxable
items, inventory of only major inputs may be required. Column 10 of the
Table requires mentioning of unconsumed amount of input tax, the refund of
which is to be paid under the said rules. This amount can be worked out from
column 12 of the monthly return as was in vogue during the period in
question. The copy of Board‘s letter C. No. 3(4) ST-L&P/2005 dated
14.11.2006 is also enclosed which provided guidance regarding adjustment
of such excess input tax. The excess input tax which could not be adjusted
because of rescission of the said SROs and because of non-availability of
columns for adjustment in the new return, shall be considered ‗unconsumed
input tax‘.
As regards, refund under SRO 1202(I)/2007, the same need not be confused
with above said clause (c) of rule 26 of rule 34. The claims under this
notification should be submitted, processed and sanctioned in the same
manner as the claims of excess input tax relating to zero rated supplies are