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Sales Tax Ruling/
Instruction No. 16 /2003
GOVERNMENT OF PAKISTAN
REVENUE DIVISION
CENTRAL BOARD OF REVENUE
(SALES TAX WING)
Islamabad, the 21st June, 2003.
C.No.3(10)ST-L&P/2003
To: The Collectors,
Sales Tax & Central Excise,
Peshawar, Lahore, Rawalpindi,
Karachi (East), Karachi (West), Gujranwala.
The Collectors,
Customs, Sales Tax & Central Excise,
Hyderabad, Multan, Quetta.
The Collector,
Collectorate of Sales Tax,
Faisalabad.
The Collector of Sales Tax,
Office of the Director General,
Large Taxpayers Units,
KARACHI.
Subject:- APPLICATION OF SRO. 500(I)/2003 DATED 7TH JUNE, 2003.
I am directed to refer to Notification No. SRO. 500(I)/2003 dated 07.06.2003
wherein exemption from payment of sales tax has been granted to persons / class
of persons subject to the conditions mentioned therein.
2. It is clarified that SRO 500(I)/2003, dated 07.06.2003 is voluntary in nature and requires payment of sales tax @ 2% of the turnover declared with income tax authorities by categories of the persons mentioned therein to avail its benefit. It also grants amnesty from audit as well as certain amount of sales tax to those persons who avail it. It is further clarified that the persons against whom the cases have already been made out or contravention report or audit observation had been issued for any short levied / short paid amount or tax evasion / tax fraud, are not entitled for exemption from payment of sales tax under the said SRO.
(DR. KAMAL AZHAR MINHAS)
SECRETARY (ST-L&P)
Copy to M/s Dewan Salman Fibre Limited, 46, Nazim-ud-Din Road, Islamabad.
(DR. KAMAL AZHAR MINHAS)
SECRETARY (ST-L&P)
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