| |
|
 |
| For business information, annual reports, laws, ordinances, regulations and articles. |
|
|
|
3. Scope of tax.—
(1)
Subject to the provisions of this Act, there shall be charged, levied and
paid a tax known as sales tax at the rate of fifteen per cent of the value of--
(b)
goods imported into Pakistan.
(1A)
Subject to the provision of sub-section (6) of section 8 or any
notification issued thereunder where taxable supplies are made to a person other
than a registered person there shall be charged, levied and paid a further tax
at the rate of three per cent of the value in addition to the rate specified in
sub-section (1), sub-section (2), and sub-section (4) and (5):
Provided that the aforesaid further tax
shall not be charged, levied and paid if the said taxable supplies are made:--
(1)
by a person registered as a retailer: or
(3) By a registered person on the supply of--
(i) electrical energy;
(ii) natural gas;
(iii) petroleum gases including liquified petroleum gas;
(iv) petroleum products excluding asphalt, bitumen and lubricants all sorts;
(vi) vegetable ghee and cooking oil; and
(vii)
fertilizers;
(4)
to a person enrolled for the purpose of turnover tax at the rate of two per
cent.
(2)
Notwithstanding the provisions of sub-section (1):--
(a)
taxable supplies specified in the Third Schedule shall be
charged to tax at the rate of fifteen per cent of the retail price which
alongwith the amount of sales tax shall be legibly, prominently and indelibly
printed or embossed by the manufacturer on each article, packet, container,
package, cover or label, as the case may be; and
(b)
the Federal Government may, subject to such conditions and
restrictions as it may impose, by notification in the official Gazette, declare
that in respect of any goods or class of goods imported into or produced in
Pakistan or any taxable supplies made by a registered person or a class of
registered persons, the tax shall be charged, collected and paid in such manner
and at such higher or lower rate or rates as may be specified in the said
notification.
(3)
The liability to pay the tax shall be,--
(a)
in the case of
supply of goods, of the person making the supply, and
(b)
in the case of goods imported into
Pakistan, of the person importing the goods.
(3A) Notwithstanding
anything contained in clause (a) sub-section (3), the Federal Government may, by
a notification in the official Gazette, specify the goods in respect of which
the liability to pay tax shall be of the person receiving the supply.
(4)
The Federal Government may, for a period not beyond the 30th
June, 2003, in addition to or in lieu of levying and collecting the tax under
sub-section (1), levy and collect such withholding tax not exceeding five per
cent of the value on any supply of textile goods to be payable by any registered
person or class of registered persons, supplying such goods or class of goods,
in such mode, manner and at time, and subject to such conditions and limitations
as it may specify by a notification in the official Gazette.
(5)
The Federal Government may, in addition to the tax levied under
sub-section (1) and (1A), sub-section (2) and sub-section (4), levy and collect
such extra amount of tax not exceeding fifteen per cent of the value of such
goods or class of goods and on such persons or class of persons, in such mode,
manner and at time, and subject to such conditions and limitations as it may, by
rules, prescribe.
(6)
The Federal Government or the Central Board of Revenue may, in lieu of
the tax under sub-section (1), by notification in the official Gazette, levy and
collect such amount of tax as it may deem fit on any supplies or class of
supplies or on any goods or class of goods and may also specify the mode, manner
or time of payment of such amount of tax.
|
|
|
|
|
|
| Home | About Us | Contact | Information Resources |