Sales Tax Instructions

Sales Tax Instructions, 2009
extraction units. /97 dated 20 th
March, 2008
ed to deduct entire amount
of input tax of import stage
from output tax charged on
supply of oil.
SECTION-7A-- Levy and Collection of Tax on Specified Goods on Value
Addition
1 Issues relating to Special
Procedure for Jeweller‘s
Rules, 2001.
2 Sales Tax Budget
Instruction 2003-2004.
3 Minutes of the meeting
held in Central Board of
Revenue on 9 th
September, 2004.
4 Special procedure for
payment of sales tax by
retailers on value addition
basis.
5 Crises in ship breaking
industry due to very high
prices in international
market of ships for
scrapping.
6 Sales Tax Special
Procedure Rules, 2004.
7 Revival of ship breaking
industry.
8 Revival of ship breaking
industries.
9 Fixation of value of sugar
for sales tax purposes.
C. No. 3(13) STP
/2000, dated 3 rd
Aug., 2001.
C.No.1/5-STB/
2003, dated 7 th
June, 2003.
C. No. 3(1) ST-
L&P/2004 dated
8 th October, 2004
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(12) St-
L&P/2004 (Pt-1)
Dated 28 th
March, 2005
C. No. 3/13-STB
/99 dated 27 th
December, 2005
C. No. 3/13-STB
/99 dated 7 th
March 2006
Clarification regarding
Jewellers (value addition,
immunity prior to 30.6.01,
input tax adjustment etc).
A new section 7A has been
inserted to allow levy of tax
on value addition only.
15% minimum value
addition agreed with
PVMA is applicable only
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%.
3% value addition by the
retailers to be calculated on
the invoice value excluding
the amount of sales tax.
Minimum value addition of
5% over and above the ST
paid @ 15% shall be final
discharge of liability for
scrap from ship breaking.
The liability of sales tax for
a ship is discharged when
the sales tax on local supply
is paid on value addition of
Rs. 2000/- per metric ton.
C. No.1(3) STM At import stage commercial
/2004 dated 24 th importer shall pay sales tax
743
906
1152
1157
1185
1206
1306
1318
1361