Sales Tax Instructions

Sales Tax Instructions, 2009
SECTION-2(33) Cont‘d..
(ii) Lease:
1 Financing arrangement
for sale and leaseback of
C. No. 3(9) STP/
99, dated 28 th
April, 2000.
Lease back of assets
covered under definition of
―supply‖.
561
Assets.
2 Sales Tax Budget
Instructions 2000-2001.
3 1.5% further tax on sale
of vehicles by local
manufacturers to leasing
companies.
4 Confirmation of impact
of exclusion of financial
lease from the definition
of ‗supply‘ in the Sales
Tax Act, 1990.
5 Sales Tax Budget
Instructions 2001-2002.
6 Sales Tax and Federal
Excise
budget
instructions 2006-07.
SECTION-2(33) Cont‘d..
C. No. 1/20-STB/
2000, dated 9 th
June, 2000.
C. No. 3(9) STP/
99, dated 9 th Feb.,
2001.
C. No. 3(9) STP/
99, dated 21 st
Feb., 2001.
C. No. 3(9) ST-
L&P/2001, dated
18 th June, 2001.
C. No. 1/1-STB
/2006 dated 5 th
June, 2006
Instructions related to lease. 573
Further tax not to be
charged from vehicle
manufacturers on supply to
leasing companies.
No ST on lease (financial)
of machinery & equipment.
658
663
Instructions related to lease. 709
Instructions related to lease. 1362
(iii)
Auction:
8 Sale of taxable goods
through auction/ disposal.
9 Clarification regarding
levy of General Sales Tax
on sales of empty
bitumen drums.
10 Sales tax input
entitlement on customs
auctioned goods.
11 General sales tax on
condemned vehicles.
C. No. 1(127)ST-
AIU/98, dt 22 nd
September, 1998
C. No. 1(77)
STAIU /90, dated
28 th January,
1999.
C. No. 2(62) STP
/97 (PT.2)I, dt
17 th April 1999.
C. No. 3(72) STP
/97 dated 23 rd
August, 2004
ST to be paid by NLC on
auction/ disposal of
unserviceable stores.
Purchaser of auctionable
goods are wholesalers.
Input tax adjustment
allowed on purchase of
customs auctioned goods.
15% ST is to be charged on
auction on value of
condemned vehicles.
318
374
414
1133