Sales Tax Instructions

Sales Tax Instructions, 2009
(xv) Authorized officers to have access to business premises etc.— Since
the new system will be enforced only through audit checks, section 38 is
being amended to provide for authorized officers to have access to
business premises, registered office or any such place where the record is
kept by a registered person and inspect their records. The proposed
amendment also authorizes the officers of Sales Tax to seek information
from government departments etc. in connection with an inquiry or
investigation.
(xvi) Appellate authority may allow payment in instalments.— Section 45 is
being amended to provide that pending decision of appeal, the Collector
of Appeals may allow payment of tax and penalty adjudged against a tax
(xvii)
payer in instalments spread over a period of six months.
Settlement Commission.—- It is proposed to establish a Settlement
Commission for settlement of disputes between the department and the
taxpayers.
(xviii) Attachment of guarantor‘s property.— Section 48 is being amended to
omit the provision regarding attachment and sale of movable and
immovable property of the guarantors.
(xix)
Tax credit on stocks for new taxpayers.— Section 59 is being amended
to provide that new taxpayers shall be entitled to claim input tax credit of
purchases made during the last 30 days prior to the date of registration.
In the case of imports in the name of manufacturer this period will
be 90 days preceding the date of registration.
3. The changes in the Act and measures on the domestic side will be
effective from 1.7.1996. Many notifications and rules are required to be issued by the
CBR, Islamabad under the amended version of the Act. These will be issued as soon as
amended law is passed by the National Assembly.
4. The proposed amendments in the Act and procedures may be perused
carefully and CBR should be contacted immediately if any clarification is needed.
Annexure
LIST OF MAJOR ITEMS WHICH WILL BE CHARGEABLE TO SALES TAX
(DOMESTIC) AT THE STANDARD RATE WITH EFFECT FROM 1.7.1996.
S.No.
Description
1. Tea (09.02)
2. Ordinary natural water sold under brand names (i.e. mineral water 22.01).
3. Raw materials and components of power generation & transmission
machinery.
4. Raw materials and components of petroleum sector machinery.
5. Raw materials and components of fertilizers and insecticides machinery
6. Agricultural, horticultural or forestry machinery.
7. Water distillation apparatus and other specially designed laboratory apparatus
and equipment (84.19).
8. Bicycle tube valves (84.81).
9. Electric capacitors and printed circuit boards.