To exempt raw cotton and ginned cotton from sales tax as SRO 1125(I)/2011, dated 31.12.2011 now deals with spinning stage onwards.
SRO 221(I)/2013Exemptions and concessions
SRO 221(I)/2013 is a Sales Tax SRO dated 19 March 2013, listed by FBR as "To exempt raw cotton and ginned cotton from sales tax as SRO 1125(I)/2011, dated 31.12.2011 now deals with spinning stage onwards.".
The text below was extracted automatically from the text layer of the official PDF, and any machine-read text layer FBR added to a scan can contain misread characters. 1 of 2 pages are scanned images with no text layer; those pages are marked and have not been transcribed. Check the official PDF before relying on any wording or figure.
Page 1
GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE, ECONOMIC AFFAIRS,
STATISTICS AND REVENUE
(REVENUE DIVISION)
Islamabad, the 19th March, 2013.
NOTIFICATION
(SALES TAX)
S.R.O. 221(I)/2013.- In exercise of the powers conferred by clause (c) of
section 4 read with clause (b) of sub-section (2) and sub-section (6) of section 3,
clause (b) of sub-section (1) of section 8 and section 71 of the Sales Tax Act, 1990,
the Federal Government is pleased to direct that the following further amendments
shall be made in its Notification No. S.R.O. 1125(I)/2011 dated the 31st December,
2011, namely:-
In the aforesaid Notification, -
(a) in clause (vi), after the word “registered” the words “or unregistered” shall be
inserted;
(b) in clause (vii), the word “registered” shall be omitted;
(c) clause (ix) and Explanation shall be substituted, namely:-
“(ix) registered manufacturers who process goods, including fabrics, owned
by other persons shall charge sales tax at the rate of two per cent of the
processing charges received by them”; and
(d) clause (x) shall be substituted, namely:-
“(x) a registered person who has consumed inputs acquired on payment of
sales tax, shall be entitled to input tax adjustment, subject to the relevant
provisions of the Sales Tax Act, 1990 and Rules made thereunder.
Provided that in case of local supplies no refund shall be admissible.
However, exporters shall be entitled to get refund in accordance with the law.”
Page 2
No text layer on this page. See page 2 of the official file.
Which SROs does the title refer to?
- SRO 1125(I)/201131 December 2011The scheme of zero-rating of five major export oriented sectors has been revamped to introduce a uniform rate (reduce sales tax @ 5 % instead of earlier rate of 4 % and 6%). This SRO will take effect from 1st January, 2012. This SRO is being issued in rescission of SRO 1058(I)/2011, dated 23-11-2011.
Related Sales Tax SROs on exemptions and concessions
- SRO 503(I)/201312 June 2013To delete clause (4) of S. No. 1 which was inserted under the fiscal relief package for Khyber Pakhtunkhwa, FATA & PATA.
- SRO 502(I)201312 June 2013To delete items from SRO 549(I)/2008, dated 11.06.2008 as these items are now exempt under SRO 501(I)/2013, dated 12.06.2013.
- SRO 501(I)/201312 June 2013To exempt goods that were earlier zero-rated under SRO 549(I)/2008, dated 11.06.2008.
- SRO 220(I)/201319 March 2013To rationalize the zero-rating regime under SRO 1125(I)/2011, dated 31.12.2011 which was earlier modified vide SRO 154(I)/2013, dated 28.02.2013
- SRO 179(I)/20137 March 2013The Federal Government is pleased to direct that all registered persons who have claimed zero-rating on supplies made by them in terms of SRO .....
- SRO 607(I)/20122 June 2012Exemption from Customs duty/sales tax/Income Tax on import of Hybrid Electric Vehicles (HEV)