Sales Tax Instructions

Sales Tax Instructions, 2009
September, 2004.
65 Special procedure for
payment of sales tax by
retailers on value addition
basis.
66 Crises in ship breaking
industry due to very high
prices in international
market of ships for
scrapping.
67 SRO 77(I)/2005 dated
27.01.2005.
68 Constitution of Valuation
Committees.
69 Sales Tax Special
Procedure Rules, 2004.
70 SRO 315(I)/2005 dated
15 th April, 2005.
71 Revival of ship breaking
industry.
72 Clarification in respect of
SRO 545(I)/2004 dated
30.06.2004.
73 Determination of
assessable value of sugar.
74 Sales tax payment -----
clarification.
C. No. 3(12)ST-
L&P/02(Pt) dated
18 th October,
2004
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. 1/6-STB/
2003/pt-1 dated
7 th March, 2005
C. No.3(12)St-
L&P/2004 (Pt-1)
Dated 28 th
March, 2005
C. No.1(2)STR
/2002 dated 18 th
April, 2005
C. No. 3/13-STB
/99 dated 27 th
December, 2005
C. No. 1(57) STT
/97 dated 16 th
February, 2006
C. No. 1(3) STM
/2004 dated 21 st
February, 2006
C. No. 4/49-STB
/98 dated 6 th
March 2006
for a period of two financial
years ending June, 2004.
Retailers of motor-cycles,
rubber tyres, mild steel
products, etc to have value
addition of 3% to 4%.
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.
Constitution Valuation
Committees as envisaged
under Section 2(46).
3% value addition by the
retailers to be calculated on
the invoice value excluding
the amount of sales tax.
Implementation of SRO
315(I)/2005 is held in
abeyance till further orders
relating to value of sugar.
Minimum value addition of
5% over and above the ST
paid @ 15% shall be final
discharge of liability for
scrap from ship breaking.
Value of taxable supply of
locally produced urea was
fixed at Rs.6,600/- MT.
In Dec, 2005 declared valu
es of sugar ranged between
Rs.18-22/kg whereas the
retail price was Rs.38-
40/kg. Colectors to constit
ute valuation committees.
Tax is payable on invoice
value inclusive of total
amount of provincial excise
1157
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