Sales Tax Instructions

Sales Tax Instructions, 2009
(xvi)
Nomination providing exemption in respect of past dues is being issued
in case a non-registered person against whom no case has made out
obtains sales tax registration by 31 st July, 2008.
(xvii) Special procedure for supplies of specified electronic goods is being
incorporated in rules whereby manufacturer and importers shall charge
extra tax at 0.75% in lieu of tax payable by dealers.
(xviii) Invoice summary, import / export summary and production data have
been made part of return. List of items in respect of production data is
being extended to cover 42 items.
(xix)
(xx)
Payment of value addition tax in respect of commercial imports is being
simplified by amending Sales Tax Special Procedures Rules, 2007.
Rates of fixed tax payable on behalf of steel melters and re-rollers are
being enhanced.
(xxi) Exclusions from section 8B, regarding adjustment of input tax upto 90%
of output tax, under SRO 647(I)/2007 have been rationalized.
II.
FEDERAL EXCISE
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
Rate of FED on goods and services (in sales tax mode) are being
increased from 15% to 16%.
Rate of FED on cement is being increased from Rs.750 PMT to Rs.900
PMT.
Rate of FED on telecommunication services is being increased to 21% of
the charges. Moreover, all telecommunication services are being
subjected to FED except those already exempt under the Third Schedule
to the Federal Excise Act, 2005.
5% FED is being levied on import and local supply of motorcars of
engine capacity exceeding 850 CC.
Rate of FED on banking, insurance and franchise services is being
increased from 15% to 10%.
Penalty for late-filing and short-filing for federal Excise and Sales tax
return is being equated.
Sub-section (5) of section 19 of the Federal Excise Act, 2005 is being
amended to bring ―services‖ at par with ―goods‖ with respect to penalty
for inadmissible refunds.