Sales Tax Instructions

SETTLEMENT COMMISSION :
Sales Tax Instructions, 2009
Special Excise Duty.
1 Sales Tax Budget
Instructions 1996-97.
2 Sales Tax Budget
Instructions 2000-2001.
C. No. 1/43-STR/
96, dated 13 th
June, 1996.
C. No. 1/20-STB/
2000, dated 9 th
June, 2000.
Instructions related to,
settlement commission.
Instructions related to,
settlement commission.
134
573
SHIP BREAKING :
1 Sales Tax Budget
Instructions 1996-97.
2 Sales Tax Budget
Instructions 1997-98.
3 Clarification regarding
adjustment as input sales
tax on gas cylinders.
4 Levy of sales tax on
central excise duty –
import of ships for
scrapping.
5 Crises in ship breaking
industry due to very high
prices in international
market of ships for
scrapping.
6 SRO 77(I)/2005 dated
27.01.2005.
7 Revival of ship breaking
industry.
C. No. 1/43-STR/
96, dated 13 th
June, 1996.
C. No. 46-STB/
97, dated 13 th
June, 1997.
C.No.1/43-STT/
99, dated 30 th
April, 1999.
Sales Tax Ruling/
Instruction No.
46/ 2002, dated
10 th June, 2002.
U.O. No.3/13-
STB/99 dated
29 th January,
2005
C. No. 3/13-STB
/99 dated 9 th
February, 2005
C. No. 3/13-STB
/99 dated 27 th
December, 2005
Instructions related to ship
breaking.
Instructions related to ship
breaking.
Input tax adjustment allo
wed on gas used for cutting
ship plates. No adjustment
on gas cylinders.
Central excise duty to be
included in value for
assessment of ST on ship
plates.
Notional value for ST at
import stage is fixed at US
$ 300/LDT. Value addition
on local supply reduced
from 14% to 5%.
If invoice value is higher
than the notional value
(US$ 300/LDT) for ship
breaking, ST to be paid at
US$300/LDT. Custom duty
tol be paid on actual value.
Minimum value addition of
5% over and above the ST
paid @ 15% shall be final
discharge of liability for
scrap from ship breaking.
134
205
419
827
1185
1187
1306
8 Purshase of dredger B.D. C. No.3/13-STB Value of US$ 220 per LDT 1445