Amendment in the Sales Tax (Refund of Excess Input Tax to the Dealers, Distributors and Wholesalers) Rules, 2005.

GOVERNMENT OF PAKISTAN (REVENUE DIVISION) CENTRAL BOARD OF REVENUE ***** Islamabad, the 14th October, 2005. NOTIFICATION (SALES TAX) S.R.O. 1038(I)/2005.- In exercise of the powers conferred by section 50 of the Sales Tax Act, 1990 read with the provisos to sub-section (1) of section 10 thereof, the Central Board of Revenue is pleased to direct that the following amendment shall be made in the Sales Tax (Refund of Excess Input Tax to the Dealers, Distributors and Wholesalers) Rules, 2005, namely:- In the aforesaid Rules, for Annex B, the following shall be substituted, namely:- “Annex-B [see rule 2(c)] ADJUSTMENT NOTE Serial No. ____________ Date: _________________ Tax period ______________ (1) Sales Tax Registration No. ___________ (2). National Tax No. _________ (3) Name & Address __________________________________________________ (4) Details of input tax: - ) Supplier’s name and Sales Tax Registration No. | Opening inventory | Purchases during tax period | Supplies during tax period | Closing inventory | Storage location of unconsumed stocks Value (Rs) | ST (Rs.) | Value (Rs.) | ST (Rs.) | Value (Rs.) | ST (Rs.) | Value (Rs.) | ST (Rs.) (a) Amount of tax involved on opening inventory (if any) Rs. ________ (b) Amount of sales tax paid on purchases during the month Rs. ________ (a) Sales Tax paid on utilities Rs. ________ Total input sales tax (a + b + c) Rs. ________ (5) Output tax Rs._________ (6) Excess input tax to be adjusted (4-5) Rs. ________ Certificate: It is certified that the provisions of section 73 of the Sales Tax Act, 1990 have been fulfilled. Name_______________________ Signature __________________ NIC No. ____________________ Stamp _____________________ Designation __________________”. ________________________________________________________________ [C. No. 5/9-STB/2005] (Wajid Ali) Secretary (ST&FE-Budget)