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Sales Tax Instructions

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

112 Clarification regarding<br />

sales tax incidence on<br />

supply of urea imported<br />

by Trading Corporation<br />

of Pakistan<br />

C. No. 1(57)STT/<br />

97 dated 11 th<br />

February, 2008.<br />

Urea distributor shall issue<br />

invoice in the same manner<br />

as by the TCP i.e., sales tax<br />

paid at import stage shall be<br />

the final discharge of tax.<br />

INGOTS & BILLETS--see also ‗Mild Steel Products‘ for other iron products<br />

1724<br />

1 Federal budget 1992-93 –<br />

<strong>Instructions</strong> regarding<br />

matters relating to sales<br />

tax.<br />

2 <strong>Sales</strong> tax from goods<br />

formerly on fixed tax<br />

scheme – and tax on<br />

ingots & billets.<br />

3 <strong>Sales</strong> <strong>Tax</strong> Budget<br />

<strong>Instructions</strong> 1996-97.<br />

4 Minutes of the meetings<br />

held with Pakistan Steel<br />

Melters Association (PS<br />

MA) and Pakistan Steel<br />

Re-rolling Mills Associat<br />

ion (PSMA) held at Cus t<br />

om House, Lahore on Sa<br />

turday, the 9 th May, 1998.<br />

5 Assessable values of steel<br />

ingots.<br />

C.No.4(13)/92-<br />

STB, dated 14 th<br />

May, 1992.<br />

C. No.1(84)STC<br />

-I/94, dated 30 th<br />

June, 1994<br />

C. No. 1/43-STR/<br />

96, dated 13 th<br />

June, 1996.<br />

C. No. 4/20-STB/<br />

98, dated 19 th<br />

May, 1998.<br />

C. No. 4/20-STB/<br />

98, dated 25 th<br />

May, 1998.<br />

6 Steel sector survey. C. No. 3/12-STB<br />

/98 dated 12 th<br />

INPUT TAX ADJUSTMENT :<br />

July, 2007<br />

Rate of ST increased from<br />

Rs. 375 to Rs. 500 P.M.T.<br />

All units under the fixed<br />

schemes continue paying<br />

tax provisionally on the<br />

previous fixed tax rates till<br />

new fixed rates are notified.<br />

<strong>Instructions</strong> regarding<br />

ingots & billets.<br />

Liability of steel melters to<br />

be determined on the basis<br />

of electricity consumption.<br />

(1330 units/M.Ton)<br />

Value of steel ingots to be<br />

less by Rs. 1000 from<br />

billets of Pak Steel.<br />

Special Procedure for<br />

Collection of ST from Steel<br />

Sector vide SRO<br />

678(I)/2007 dt 6.7.07.<br />

31<br />

78<br />

134<br />

254<br />

257<br />

1520<br />

1 Adjustment of sales tax<br />

paid on the raw materials<br />

wasted during the<br />

manufacturing of taxable<br />

goods.<br />

2 Refund/adjustment of<br />

sales tax paid on partly<br />

manufactured goods.<br />

<strong>Sales</strong> <strong>Tax</strong> Circu<br />

lar No. 1/1989,<br />

22 nd August,<br />

1989<br />

<strong>Sales</strong> <strong>Tax</strong> Circular<br />

No. 2/1990,<br />

dt.21 st Jan., 1990.<br />

ST refund/adjustment is<br />

allowed on the entire<br />

quantity of partly manufa<br />

ctured goods. is considered<br />

as a bye product.<br />

Refund/adjustment on exem<br />

pt goods used for produc<br />

tion of taxable goods.<br />

1<br />

2

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